Resolution modifying the General Provisions applicable to investment funds and persons providing services to them

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RESOLUTION modifying the General Provisions applicable to investment funds and persons providing services to them.

A seal with the National Coat of Arms appears at the margin, stating: United Mexican States.- Treasury.- Secretariat of Treasury and Public Credit.- National Banking and Securities Commission.

The National Banking and Securities Commission, based on articles 76; 77, paragraphs first and second; 77 Bis 1; 80, paragraph second, fraction I of the Investment Funds Law; 98 Bis of the Credit Institutions Law; as well as 4, fractions III, V, XXXVI and XXXVIII and 16, fraction I of the National Banking and Securities Commission Law, and

CONSIDERING

That in accordance with article 78 of the General Law for Regulatory Improvement and with the purpose of reducing the compliance cost of this modifying resolution, the National Banking and Securities Commission, through the issuance of the "Resolutions modifying the General Provisions applicable to credit institutions," published in the Official Gazette of the Federation on December 26, 2017 and July 23, 2021, respectively, proceeded to extend the deadline to which multiple banking institutions were subject to establish their operational risk capital requirements; as well as to make modifications to the methodologies that multiple banking institutions use to estimate preventive reserves and credit portfolio classification, in order to adjust the risk parameters of probability of default and loss severity, regarding mortgage credit portfolios for housing granted to women;

That it is necessary to make adjustments to the regulatory framework in accounting matters applicable to investment funds, investment fund operating companies, and investment fund share distribution companies in order to incorporate the recording of the valuation of capital investments that are not traded in the short term but are classified as negotiable financial instruments in the formats of financial statements and regulatory reports that must be presented to the National Banking and Securities Commission, with the objective of decreasing volatility in the year's result caused by unperformed valuations and to ensure the convergence of the accounting framework with Financial Reporting Standards, and

That, in order to provide these financial entities with greater elements to allow them to comply with the regulations applicable to them, it is considered appropriate to make clarifications and adjustments to the content of the accounting criteria and regulatory reports they must observe, in relation to the conceptual framework of Financial Reporting Standards, therefore it has resolved to issue the following:

RESOLUTION MODIFYING THE GENERAL PROVISIONS APPLICABLE TO INVESTMENT FUNDS AND TO PERSONS PROVIDING SERVICES TO THEM

SINGLE.- The Annexes 5, 6, 7; as well as Annex 8, Series R01 "Minimum Catalog" and Series R13 "Financial Statements, their regulatory reports" of the "General Provisions applicable to investment funds and to persons providing services to them," published in the Official Gazette of the Federation on November 24, 2014 and modified through resolutions published in said dissemination medium, are REPLACED, to read as follows:

TRANSITORY

SINGLE.- This Resolution shall enter into force on January 1, 2026.

The accounting changes caused by the start of the validity of this Resolution must adhere to what is established in Financial Reporting Standard B-1 "Accounting changes and corrections of errors," referred to in Annexes 5, 6 and 7 Series A, Criterion A-2 "Application of particular standards," respectively.

Respectfully

Mexico City, August 12, 2025.- President of the National Banking and Securities Commission, Dr. Jesús de la Fuente Rodríguez.- Rubric.

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"ANNEX 5

ACCOUNTING CRITERIA FOR INVESTMENT FUNDS

CONTENTS

Series A. Criteria related to the general scheme of accounting for investment funds A - 1 Basic scheme of the set of accounting criteria applicable to investment funds A - 2 Application of particular standards A - 3 Application of general standards A - 4 Supplementary application to accounting criteria

Series B. Criteria related to the concepts that make up the financial statements B - 1 Cash and cash equivalents B - 2 Repealed B - 3 Repos B - 4 Securities lending B - 5 Repealed B - 6 Assets adjudicated

Series C. Criteria applicable to specific concepts C - 1 Repealed C - 2 Repealed

Series D. Criteria related to basic financial statements D - 1 Investment portfolio valuation statement D - 2 Statement of financial position D - 3 Statement of comprehensive income

A-1 BASIC SCHEME OF THE SET OF ACCOUNTING CRITERIA APPLICABLE TO INVESTMENT FUNDS

Objective

This criterion aims to define the basic scheme of the set of accounting guidelines applicable to investment funds (the entities).

Concepts composing the basic structure of accounting in entities

The accounting of the entities will adhere to the structure that, for the application of Financial Reporting Standards (FRS), was defined by the Mexican Council for Financial Reporting and Sustainability Standards, A.C. (CINIF), in Series FRS A "Conceptual Framework" or that which replaces it, as well as what is established in criterion A-4 "Supplementary application to accounting criteria."

Thus, the entities will observe the accounting guidelines of the FRS, except when in the judgment of the National Banking and Securities Commission (CNBV) it is necessary to apply specific regulations or accounting criteria, taking into consideration that the entities carry out specialized operations.

The CNBV regulations referred to in the previous paragraph will be at the level of recognition, valuation, presentation, and if applicable, disclosure standards, applicable to specific items within the entities' financial statements, as well as those applicable to their preparation.

The application of accounting criteria, nor the concept of supplementarity, will not proceed in the case of operations that by express legislation are not permitted or are prohibited, or are not expressly authorized to the entities.

A-2 APPLICATION OF PARTICULAR STANDARDS

Objective and scope

This criterion aims to clarify the application of particular standards of the FRS, as well as clarifications thereof.

The subject matter of this criterion is:

a) the application of some of the particular standards made known in the FRS, and

b) the clarifications to the particular standards contained in the FRS.

Financial Reporting Standards

In accordance with what is established in criterion A-1 "Basic scheme of the set of accounting criteria applicable to investment funds," the entities will observe, until there is an express pronouncement by the CNBV, the particular standards contained in the bulletins or FRS detailed below, or in the FRS that replace or modify them:

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Series FRS B "Standards applicable to financial statements as a whole"

Accounting changes and corrections of errors .................................................................................................. B-1

Segment reporting .............................................................................................................................................. B-5

Business combinations ...................................................................................................................................... B-7

Consolidated or combined financial statements ............................................................................................. B-8

Interim financial reporting ............................................................................................................................... B-9

The effects of inflation ..................................................................................................................................... B-10

Disposal of long-lived assets and discontinued operations ........................................................................... B-11

Offsetting financial assets and financial liabilities ......................................................................................... B-12

Subsequent events ......................................................................................................................................... B-13

Earnings per share ........................................................................................................................................... B-14

Foreign currency translation .......................................................................................................................... B-15

Determining fair value ...................................................................................................................................... B-17

Series FRS C "Standards applicable to specific concepts of financial statements"

Investment in financial instruments .............................................................................................................. C-2

Receivables ...................................................................................................................................................... C-3

Prepayments .................................................................................................................................................... C-5

Property, plant and equipment ....................................................................................................................... C-6

Investments in associates, joint ventures and other permanent investments ............................................. C-7

Intangible assets ............................................................................................................................................. C-8

Provisions, contingencies and commitments ................................................................................................. C-9

Derivative financial instruments and hedging relationships ........................................................................ C-10

Equity .............................................................................................................................................................. C-11

Financial instruments with characteristics of liabilities and equity ............................................................. C-12

Related parties ............................................................................................................................................... C-13

Transfer and derecognition of financial assets ............................................................................................. C-14

Impairment of long-lived assets ................................................................................................................... C-15

Impairment of receivable financial instruments .......................................................................................... C-16

Obligations associated with the removal of property, plant and equipment .............................................. C-18

Payable financial instruments ....................................................................................................................... C-19

Financial instruments to collect principal and interest ............................................................................... C-20

Joint control arrangements ........................................................................................................................... C-21

Series FRS D "Standards applicable to income determination problems"

Revenue from contracts with customers ........................................................................................................ D-1

Costs from contracts with customers ............................................................................................................ D-2

Income taxes .................................................................................................................................................... D-4

Leases .............................................................................................................................................................. D-5

Likewise, the glossary of terms of the FRS will be applicable, regarding the FRS detailed in this paragraph.

Additionally, the entities will observe the FRS issued by CINIF on topics not foreseen in the accounting criteria for investment funds, provided that:

a) they are in force;

b) they are not applied in advance to their validity;

c) they do not contravene the philosophy and general concepts established in the accounting criteria for investment funds, and

d) there is no express pronouncement by the CNBV.

Clarifications to the particular standards contained in the FRS

Taking into consideration that the entities carry out specialized operations, it is necessary to establish clarifications to adapt the particular standards of recognition, valuation, presentation, and if applicable, disclosure, established by CINIF. In virtue of this, the entities, when observing what is established in the preceding paragraphs, must adhere to the following:

B-8 Consolidated or combined financial statements

Permanent investments in shares of promoted companies

Permanent investments in shares of promoted companies will not be subject to consolidation even if control is exercised over them, and must be valued according to the equity method, taking into consideration the clarifications established in this criterion for said valuation method. In the case where control is held over these, relevant information regarding their main activity, the amounts of their assets, liabilities, and main items of the statement of comprehensive income, as well as the percentage of the entity's participation in the share capital of these companies, must be disclosed in notes to the financial statements.

Regarding the investments that investment funds hold in shares of promoted companies, in the case of equity investment funds, they will not be considered permanent from the date on which placements are made through a public offering in accordance with applicable regulation, in which case, they will adhere to what is established in FRS C-2 "Investment in financial instruments."

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B-9 Interim financial reporting

The provisions of FRS B-9 must be applied to financial information issued at interim dates, including the quarterly information that must be published or disseminated through the website of the operating company that administers its assets or any other means of communication in the terms of the General Provisions applicable to investment funds and persons providing services to them published by the CNBV (the Provisions).

For the purpose of disclosing information issued at interim dates, the entities must observe the provisions regarding the disclosure of financial information contained in criterion A-3 "Application of general standards."

B-11 Disposal of long-lived assets and discontinued operations

The entities must disclose the breakdown of the net amount generated by discontinued operations required in FRS B-11.

B-15 Foreign currency translation

In foreign currency transactions carried out by the entity referred to in FRS B-15, the exchange rate to be used to establish the equivalence of the national currency with the United States dollar will be the closing daily exchange rate on the transaction date or the date of preparation of the financial statements, as applicable, published by the Bank of Mexico on its website www.banxico.org.mx or that which replaces it.

In the case of currencies other than the United States dollar, the respective currency must be converted to United States dollars. To carry out this conversion, they will consider the quotation that governs the corresponding currency in relation to said dollar in international markets, as established by the Bank of Mexico in the applicable regulation.

Likewise, the amount of transactions denominated in foreign currency by the most relevant currencies for the entity, as well as the exchange rate used and its equivalent in national currency, must be disclosed in notes to the financial statements, in accordance with what is stated in the two preceding paragraphs.

C-3 Receivables

Scope

FRS C-3 "Receivables" (FRS C-3) will only be applicable to the "other receivables" referred to in paragraph 20.1 of said FRS.

For the purposes of FRS C-3, receivables derived from the operations referred to in criteria B-3 "Repos" and B-4 "Securities lending" issued by the CNBV must not be included.

The foregoing, since the recognition, valuation, presentation, and disclosure standards applicable are contemplated in the aforementioned criteria.

C-7 Investments in associates, joint ventures and other permanent investments

Permanent investments in shares of promoted companies

In the case where significant influence is held over permanent investments in shares of promoted companies, relevant information regarding their main activity, the amounts of their assets, liabilities, and main items of the statement of comprehensive income, as well as the percentage of the entity's participation in the share capital of these companies, must be disclosed in notes to the financial statements.

Regarding the valuation of permanent investments in shares of promoted companies through the equity method, the entity must recognize its proportional share of its participation regarding the increase or decrease in other comprehensive income within the equity of the promoted company (that is, excluding net income), in the item "participation in OCI of promoted companies" within equity.

C-10 Derivative financial instruments and hedging relationships

In addition to the terms included in FRS C-10 and defined in the glossary contained in the FRS, the following must be considered:

Synthetic operations with derivative financial instruments. - Operations where one or more derivative financial instruments participate and in some cases non-derived assets or liabilities, forming together a specific position.

Spot price. - Price or equivalent of the underlying, valid in terms established by regulations or market conventions from the date of operation. In the case of currencies, the spot price will be the exchange rate for valuation purposes referred to in paragraph 11 of this criterion.

Likewise, the entities must observe the following criteria:

Structured operations and packages of derivative financial instruments

Structured operations and packages of derivative financial instruments have the following characteristics:

a) Structured operations: In these operations, there is a main contract referring to non-derivative assets or liabilities, and a derivative portion represented by one or more financial derivative instruments (generally options or swaps). The derivative portions of structured operations do not constitute implicit financial derivative instruments, but rather independent financial derivative instruments. Unlike synthetic operations with financial derivative instruments, structured operations must necessarily be supported under a single contract. To carry out hedging operations with structured instruments, entities will require prior express authorization from the CNBV. b) Packages of financial derivative instruments: Financial derivative instruments interact with each other in a single operation, without any portion that does not meet all the characteristics of a financial derivative instrument.

Recognition and valuation standards for financial derivative instruments

Entities, in the recognition and valuation of financial derivative instruments, shall consider the following:

Packages of financial derivative instruments that trade on a recognized market as a single financial instrument shall be recognized and valued jointly (i.e., without disaggregating each financial derivative instrument individually), whereas packages of financial derivative instruments not traded on a recognized market shall be recognized and valued disaggregated by each financial derivative instrument that makes up said packages.

For the case of financial derivative instruments traded on recognized markets or exchanges, it shall be considered that the rights and obligations related to them have expired when the risk position is closed, that is, when a derivative of a contrary nature with the same characteristics is executed in said market or exchange (for example, when a purchase future is contracted to cancel the effects of a sale future (issued) on the same underlying, with the same maturity date and generally under conditions that neutralize the gains or losses of one and the other).

With respect to financial derivative instruments not traded on recognized markets or exchanges, it shall be considered that the rights and obligations related to them have expired when they reach maturity; when the rights are exercised by one of the parties, or when such rights are exercised in advance by the parties in accordance with the conditions established therein and the agreed counter-performance is settled.

Fair value hedge of interest rate risk of a portion of a portfolio composed of financial assets or financial liabilities

A portion of a portfolio of financial assets or financial liabilities that share the same risk to be covered, in the case of a portfolio covered for interest rate risk, may be considered a hedged item.

In this type of hedge, the hedged portion may be designated in terms of a currency amount (for example, an amount in dollars, euros, or pounds) instead of individual assets (or liabilities). Although the portfolio may, for risk management purposes, include both financial assets and financial liabilities, the designated amount must be an amount of financial assets or financial liabilities. The designation of a net amount including financial assets and financial liabilities is not permitted. The entity may hedge a portion of the interest rate risk associated with said designated amount. For example, in the case of hedging a portfolio containing assets subject to prepayment, the entity could hedge the change in fair value that is attributable to changes in the hedged interest rate, considering the expected interest review dates and not the contractual dates. When the hedged portion is based on the expected interest review dates, the effect that changes in the hedged interest rate have on the expected review dates must be included in the determination of the change in the fair value of the hedged item. Consequently, if a portfolio containing instruments subject to prepayment is hedged with a financial derivative instrument not subject to prepayment, the hedge may be ineffective if there is a change in the expected prepayment dates corresponding to the items making up the hedged portfolio, or if the observed payment dates differ from those anticipated.

Only in this specific type of hedge, entities must comply with each and every one of the following conditions:
a) at the beginning of the hedge, there must be a formal designation and sufficient documentation of the hedge relationship, as well as the entity's risk management objectives and strategy regarding the hedge. Such documentation must include the identification of the hedging instrument, the hedged item or transaction, the nature of the risk being hedged, and the manner in which the entity will evaluate the effectiveness of the hedging instrument to cancel the exposure to changes in the fair value of the hedged item attributable to the hedged risk; b) the hedge must be highly effective (the actual effectiveness of the hedge must be in a range of 80-125 percent) in achieving the cancellation of changes in fair value attributable to the hedged risk, consistent with the originally documented risk management strategy for the specific hedge relationship; c) the effectiveness of the hedge must be reliably measurable, that is, the fair value of the hedged item that is attributable to the hedged risk and the fair value of the hedging instrument can be reliably valued, d) the hedge must be evaluated continuously (at least quarterly), maintaining high effectiveness throughout all periods in which the designation of the hedge relationship is shown in the entity's financial information.

The requirement referred to in paragraph 42.1.2 item b) of NIF C-10 may be met by presenting the adjustment to the book value of the hedged item by the gain or loss recognized in the period's results, either:
i) in a separate line item within the asset section of the statement of financial position, during the periods of interest review of the portfolio in which the hedged item is an asset, or ii) in a separate line item within the liability section of the statement of financial position, during the periods of interest review of the portfolio in which the hedged item is a liability.

The asset or liability line items reflected in the statement of financial position, mentioned above, must be amortized in the period's results. Amortization must begin as soon as the adjustment arises, and in no case after the hedged item ceases to be adjusted for changes in fair value attributable to the hedged risk. The adjustment must be based on the recalculated effective interest rate at the date amortization begins. However, if it is not practical to effect amortization using the recalculated effective interest rate, the adjustment may be amortized using the straight-line method. The adjustment must be fully amortized by the maturity date of the hedged item in question, or at the moment of termination of the interest review period.

In this type of hedge, the entity will meet the hedge requirements if it observes the procedures detailed below:
a) the entity will identify the portfolio of items whose interest rate risk it wishes to cover, as part of the usual processes it follows for risk management. The portfolio may contain only assets, only liabilities, or a combination of assets and liabilities. The entity may identify two or more portfolios, in which case it will apply the following items to each of the portfolios separately. b) the entity will disaggregate the portfolio into interest review periods, based on the expected dates for the same, without taking contractual dates into account. Such disaggregation can be done in several ways, including distributing cash flows among the periods in which they are expected to occur, or distributing notional principal amounts across all periods until the time when the review is expected to occur. c) from this stratification, the entity will decide on the amount it wishes to cover. To this effect, it will designate as the hedged item an amount of assets or liabilities (but not a net amount) of the identified portfolio, which is equal to the amount it wishes to designate as covered. This amount also determines the percentage measure that will be used to prove effectiveness. d) the entity will designate the interest rate risk that it is hedging. This risk could consist of a portion of the interest rate risk of each of the items in the covered portfolio, such as, for example, a reference interest rate. e) the entity will designate one or more hedging instruments for each interest review period. f) using the designations made in the preceding items (c) to (e), the entity will evaluate, both at the beginning and in subsequent periods, whether the hedge can be expected to be highly effective throughout the interval for which it has been designated. g) periodically, the entity will measure the change in the fair value of the hedged item (according to the designation made in item (c)) that is attributable to the hedged risk (according to the designation made in item (d)) taking as a basis the expected interest review dates determined in item (b). Assuming that, using the effectiveness valuation method documented by the entity, it has been determined that in reality the hedge was highly effective, the entity will recognize the change in the fair value of the hedged item as a gain or loss in the period's results, as well as in one of the two lines corresponding to the items of the statement of financial position described in items i and ii referred to in this paragraph. It is not necessary that the change in fair value be distributed among individual assets or liabilities. h) the entity will measure the change in the fair value of the hedging instrument or instruments (according to the designation made in item (e)), and recognize it as a gain or loss in the period's results. The fair value of the hedging instrument or instruments will be recognized as an asset or liability in the statement of financial position. i) any ineffectiveness will be recognized
in results as the difference between the changes in fair values mentioned in items (g) and (h).

Presentation in the statement of financial position

In the case of structured operations, the presentation of the portion or portions of the financial derivative instruments will be made separately from that corresponding to the main contract, so the presentation guidelines will be followed according to the type or types of non-derivative financial assets (or financial liabilities), as well as financial derivative instruments incorporated in the structured operation.

For the case of packages of financial derivative instruments that trade on a recognized market as a single instrument, said package will be presented jointly (i.e., without disaggregating each financial derivative instrument individually), in the item of financial derivative instruments (debit balance), or financial derivative instruments (credit balance), in the statement of financial position.

In the case of packages of financial derivative instruments not traded on a recognized market, their presentation in the statement of financial position will follow the guidelines established for each financial derivative instrument individually, in the item of financial derivative instruments (debit balance), or financial derivative instruments (credit balance), as applicable.

In a fair value hedge of interest rate risk of a portion of a portfolio composed of financial assets or financial liabilities (and only in this specific type of hedge), the adjustment to the book value of the hedged item by the gain or loss recognized in the period's results, will be presented in the item of valuation adjustments for coverage of financial assets, or valuation adjustments for coverage of financial liabilities, as the case may be, immediately after the corresponding financial assets or financial liabilities.

Presentation in the statement of comprehensive income

In a fair value hedge of interest rate risk of a portion of a portfolio composed of financial assets or financial liabilities (and only in this specific type of hedge), the result from the valuation of the hedged item attributable to the hedged risk must be presented, if identifiable, where the result from the valuation of each of the hedged items is presented. If it cannot be identified, said valuation effect must be presented in the item where the result from the valuation of the most relevant hedged item is presented in accordance with the provisions of the applicable accounting criteria (for example, if the portfolio of financial assets corresponds mostly to securities investments, the valuation effect must be presented in the fair value valuation result).

C-13 Related parties

For the purposes of complying with the disclosure standards contained in NIF C-13, entities shall additionally consider as a related party:
a) the members of the board of directors of the operating society that administers its assets, of the controlling society, or of the financial entities and companies that are part of the financial group to which, if applicable, it belongs; b) persons other than key management or relevant executive personnel or employees, who with their signature can generate obligations for the entity; c) legal entities in which the key management or relevant executive personnel of the entity are directors or administrators or occupy any of the first three hierarchical levels in said legal entities, and d) legal entities in which any of the persons indicated in the preceding items, as well as in NIF C-13, have command power, understood as the factual capacity to decisively influence the agreements adopted in shareholder meetings or board of directors sessions, or in the management, conduct, and execution of the business of the entity in question or of the legal entities that it controls.

In addition to the disclosures required by NIF C-13, entities must disclose in aggregate, through notes to the financial statements, for related-party operations that may be carried out, the following information:
a) a generic description of the operations, such as:
operations with financial instruments in which the issuer and the holder are related parties; repurchase agreements; securities lending; financial derivative instruments; hedging operations; those carried out through any person, trust, entity, or other legal figure, when the counterparty and source of payment for said operations depend on a related party. b) any other information necessary for the understanding of the operation, and c) the total amount of employee benefits granted to the key management or relevant executive personnel of the entity.

Only the disclosure of operations with related parties that represent more than 5% of the equity capital of the month prior to the date of preparation of the corresponding financial information is required.

C-14 Transfer and derecognition of financial assets

With respect to the collateral received referred to in paragraph 44.7 of NIF C-14, the recipient must recognize the received collateral in off-balance-sheet accounts. In cases where the recipient has the right to sell or pledge the collateral, the transferor must reclassify the asset, presenting it as restricted.

Recognition of financial assets

When the transfer results in the derecognition of the financial asset by the transferor, the recipient entity must recognize a financial asset (or portion thereof) or a group of financial assets (or portion of said group) in its statement of financial position, if and only if, it acquires the rights and contractual obligations related to said financial asset (or portion thereof). To do so, the entity must:
a) recognize the financial assets received at their fair value, which presumably corresponds to the price agreed upon in the transfer operation. Subsequently, said assets must be valued according to the criterion corresponding in accordance with their nature; b) recognize the new rights obtained or new obligations incurred as a result of the transfer, valued at their fair value; c) derecognize the counter-performance granted in the operation at its net book value (for example, considering any associated estimate) and recognize in the period's results any unamortized item related to said counter-performance; d) recognize in the period's results any difference, if any, arising from the transfer operation.

C-16 Impairment of financial instruments receivable

Estimation of expected credit losses

For accounts receivable, entities must create, if applicable, an estimate that reflects their degree of uncollectibility. Such estimate must be obtained by applying what is provided in section 42 of NIF C-16.

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Regarding operations with immediate collection documents not collected referred to in criterion B-1 "Cash and cash equivalents", 15 calendar days after the date they have been transferred to the account that gave rise to them, these shall be classified as overdue debts and an estimation for them shall be simultaneously established for their total amount.

When the entity uses the practical solutions referred to in paragraph 42.6 of NIF C-16, the establishment of estimations shall be for the total amount of the debt and shall not exceed the following terms:
a) within 60 calendar days following their initial registration, when they correspond to unidentified debtors, and b) within 90 calendar days following their initial registration, when they correspond to identified debtors.

Estimation of expected credit losses shall not be established for:
a) tax balances in favor, and b) creditable value added tax.

C-19 Financial liabilities
Scope

For the purposes of NIF C-19, liabilities related to the operations referred to in criteria B-3 and B-4 are not included, as these are contemplated in said criteria.

Initial recognition of a financial liability

The provision established in paragraph 41.1.1 item 4 of NIF C-19 regarding using the market rate as the effective interest rate in the valuation of a financial liability when both rates are substantially different shall not be applicable.

Financial liabilities valued at fair value

The exception to irrevocably designate at initial recognition a financial liability to be subsequently valued at its fair value with effect on net income, referred to in section 42.2 of NIF C-19, shall not be applicable to entities.

C-20 Financial assets to collect principal and interest

Initial recognition of a financial asset to collect principal and interest

NIF C-20 shall be applicable only to receivables that accrue interest, as well as to non-interest-bearing receivables that are long-term.

The provision established in paragraph 41.1.1 item 4 of NIF C-20 regarding using the market rate as the effective interest rate in the valuation of the financial asset to collect principal and interest when both rates are substantially different shall not be applicable.

Fair value option

The exception to irrevocably designate at initial recognition a financial asset to collect principal and interest, to be subsequently valued at its fair value with effect on net income, referred to in paragraph 41.3.4 of NIF C-20, shall not be applicable to entities.

D-4 Income taxes

Regarding the disclosure required in NIF D-4 on the concepts of temporary differences, those differences related to the main operations of the entities shall additionally be disclosed.

D-5 Leases

Finance leases

For the purposes of the requirements established in paragraph 42.1.4 item c) and item d) of NIF D-5, it shall be understood that the lease term covers most of the economic life of the underlying asset if such lease covers at least 75% of its useful life. Likewise, the present value of the lease payments is substantially all of the fair value of the underlying asset if such present value constitutes at least 90% of said fair value.

A-3 APPLICATION OF GENERAL STANDARDS

Objective and scope

The purpose of this criterion is to clarify the establishment of general application standards that entities must observe.

The subject matter of this criterion is the establishment of general standards that must be considered in the recognition, valuation, presentation, and disclosure applicable to accounting criteria for investment funds.

Restricted assets

These are considered to be all those assets regarding which there are circumstances under which they cannot be disposed of or used, and must remain in the same category from which they originated. Likewise, those assets arising from operations that do not settle on the same day, i.e., are received with a value date different from the transaction date, shall be considered part of this category. In the case of margin accounts that entities grant to the clearing house for operations with financial derivatives carried out in recognized markets or exchanges, they must adhere to what is established in NIF C-10 "Financial derivatives and hedge accounting".

For this type of asset, this fact and its balance by type of operation must be disclosed in a note to the financial statements.

Goods promised for sale or with reservation of ownership

In cases where a promise of purchase or sale contract with reservation of ownership is entered into, the good shall be recognized as restricted, according to the type of good in question, at the same book value it had on the date of signing said contract, even if a higher price has been agreed upon. Said good shall follow the same valuation, presentation, and disclosure standards, in accordance with the accounting criteria applicable to it.

Payments received on account of the good shall be recorded in liabilities as an advance payment. 6

On the date the good promised for sale or subject to purchase and sale with reservation of ownership is disposed of, the profit or loss generated shall be recognized in the results of the period as other operating income or expenses.

In the event that the contract is rescinded, the good shall cease to be recognized as restricted and those advance payments over which the entity can dispose or must settle in accordance with the conditions of the contract shall be recognized in the results of the period as other operating income, or as other accounts payable, as appropriate.

Commissions

The amount of commissions paid by investment funds, as a result of their primary activities, shall be recognized in the results of the period in accordance with what is established in NIF D-2 "Costs from contracts with customers" as interest expenses.

Clearing accounts

Regarding the active and passive operations carried out by entities, for example, in matters of investments in financial instruments, repos, securities lending, and financial derivatives, once these reach their maturity and while the corresponding settlement is not received or delivered, as agreed in the respective contract, the amount of the operations due to be collected or paid shall be registered in clearing accounts (debtors or creditors for settlement of operations).

Likewise, for operations in which immediate settlement or same-day value date is not agreed upon, including those involving the sale and purchase of currencies linked to their business purpose, on the transaction date the amount to be collected or paid shall be registered in clearing accounts, until its settlement is effected. The estimation of expected credit losses corresponding to the aforementioned amounts to be collected shall be determined in accordance with what is established in NIF C-16 "Impairment of financial assets".

For the purposes of the presentation of financial statements, clearing accounts shall be presented in the item of other accounts receivable (net) or other accounts payable, as appropriate. The balance of debtor and creditor clearing accounts may be offset in terms of what is established by the offsetting rules provided in NIF B-12 "Offsetting financial assets and financial liabilities".

Regarding the operations referred to in paragraph 11, the balance to be collected or paid shall be disclosed, for each type of operation from which they originate, (currencies linked to their business purpose, investments in financial instruments, repos, etc.), specifying that these are operations agreed upon in which their settlement is pending.

Various estimations and provisions

Estimations or provisions with undefined and/or unquantifiable purposes shall not be created, increased, or decreased against the results of the period. In any case, entities must comply with the regulation that the CNBV indicates regarding the determination of estimations or provisions.

Accrued interest

Interest accrued by the different asset or liability items shall be presented in the statement of financial position together with their corresponding principal.

Recognition or cancellation of assets and/or liabilities

The recognition or cancellation in the financial statements of assets and/or liabilities, including those arising from operations involving the sale and purchase of currencies linked to their business purpose, investments in financial instruments, repos, securities lending, financial derivatives, and issued securities, shall be carried out on the date they economically affect the entity, regardless of the date on which they are carried out.

Disclosure of financial information

With regard to the disclosure of financial information, what is established in NIF A-1 "Conceptual Framework of Financial Information Standards" (NIF A-1), Chapter 80 "Presentation and disclosure", regarding the responsibility for providing information on the economic entity resting with its administration, shall be taken into account. Such information must meet certain fundamental qualitative and enhancement characteristics, such as relevance, faithful representation, comparability, verifiability, timeliness, and understandability, based on what is provided in NIF A-1, Chapter 40 "Qualitative characteristics of financial statements".

Entities, in compliance with the disclosure standards provided in these accounting criteria, shall consider materiality in terms of NIF A-1, Chapter 40 "Qualitative characteristics of financial statements", that is, they must show the most important aspects of the entity recognized accounting-wise as indicated by that characteristic associated with relevance.

The foregoing implies, among other elements, that materiality requires the exercise of professional judgment regarding the circumstances that determine the facts reflected in the financial information. In the same sense, an appropriate balance must be obtained between the qualitative characteristics of financial information in order to meet the objective of financial statements, for which an optimal point must be sought rather than the achievement of maximum levels of all qualitative characteristics.

However, with regard to materiality, it shall not be applicable to the information:
a) required by the CNBV through general provisions issued for that purpose, other than those contained in these criteria; b) additional specific required by the CNBV, related to its supervisory activities, and c) required through the issuance or authorization, as appropriate, of special accounting criteria or records.

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Disclosures related to the determination of fair value

Entities, with respect to the Current Price for Valuation provided by the price provider in the determination of fair value, in addition to what is stated in the accounting criteria or the corresponding NIFs, shall disclose, at a minimum, the following:
a) the level of the hierarchy of the current price for valuation (or fair value hierarchy) within which the determinations of fair value are classified, in accordance with the following:
i. Level 1, highest level, corresponding to prices obtained exclusively with Level 1 input data.
ii. Level 2, prices obtained with Level 2 input data.
iii. Level 3, lowest level, for those prices obtained with Level 3 input data.
b) in case there is any change in the valuation model, that change and the reasons for making it shall be disclosed; c) when there are changes from one period to another in the classification of the hierarchy of the current price for valuation with respect to the same value or financial instrument:
i. the amounts of transfers between Level 1 and Level 2 of the hierarchy of the current price for valuation;
ii. the amounts of transfers to or from Level 3 of the hierarchy of the current price for valuation;
d) for those current prices for valuation classified in Level 3, a reconciliation of opening balances with closing balances shall be performed, disclosing separately the changes during the period attributable to total gains or losses of the period recognized in net income and those recognized in other comprehensive income (OCI); e) when there is a significant decrease in the volume or level of activity related to the normal market activity for a certain value or financial instrument, or in the presence of disordered conditions, the adjustments that have been applied to the current price for valuation, if any, shall be explained; f) the name of the price provider that provided the current price for valuation.

Quantitative information shall be disclosed in tabular format, unless another format is more appropriate.

Valuation of the UDI

The value made known by the Bank of Mexico in the Official Gazette of the Federation, applicable on the date of valuation, shall be used.

A-4 SUPPLEMENTARY APPLICATION TO ACCOUNTING CRITERIA

Objective and scope

The purpose of this criterion is to clarify the application of the standards contained in NIF A-1, Chapter 90, "Supplementarity" (NIF A-1, Chapter 90) issued by CINIF, considering that, when applying it, financial information is being prepared and presented in accordance with the accounting criteria for investment funds.

Definition

For the purposes of the accounting criteria for investment funds, the supplementarity process applies when, in the absence of specific accounting standards issued by the CNBV in particular, and by CINIF in general, these are covered by a formal and recognized set of standards.

Concept of supplementarity and basic standard

In the absence of a specific accounting criterion of the CNBV for entities and, in the second instance, for credit institutions, or in a broader context, of the NIFs, the bases for supplementarity provided in NIF A-1, Chapter 90, mentioned above, shall be applied, together with what is provided in the provisions of this criterion.

Other supplementary regulation

Only in the event that the International Financial Reporting Standards (IFRS) referred to in NIF A-1, Chapter 90, do not provide a solution to the accounting recognition, one may opt for a supplementary standard belonging to any other regulatory scheme, provided it meets all the requirements indicated in the aforementioned NIF A-1, Chapter 90, for a supplementary standard, as well as those provided in paragraph 6 of this criterion, and the supplementarity shall be applied in the following order:
a) Generally Accepted Accounting Principles (GAAP) definitive, applicable in the United States of America, and b) any accounting standard that forms part of a formal and recognized set of standards.

For the purposes of the previous paragraph, it is considered that both official (authoritative) and non-official (nonauthoritative) sources form part of the GAAP applicable in the United States of America, in accordance with what is established in Topic 105 of the Accounting Standards Codification (ASC) (Codification) of the Financial Accounting Standards Board (FASB) in the following order:
a) official sources: the Codification, rules or interpretations of the Securities and Exchange Commission (SEC), Staff Accounting Bulletins, and SEC positions regarding the Consensus of the Board on Emerging Issues of the FASB (FASB Emerging Issues Task Force, EITF), and

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b) non-official sources: widely recognized and preponderant practices either generally or in a specific industry, FASB Concepts Statements, documents of the American Institute of Certified Public Accountants (AICPA, Issues Papers), pronouncements of professional associations or regulatory agencies, and questions and answers of the Technical Information Service included in the AICPA Technical Practice Aids.

Requirements of a supplementary standard and rules of supplementarity

In addition to what is established in the aforementioned NIF A-1, Chapter 90, the standards applied supplementarily must comply with the following:
a) they shall not be applied in advance; b) they must not contravene the philosophy and general concepts established in the accounting criteria applicable to investment funds; c) the supplementarity process, if any, provided within each of the standards used supplementarily shall not be applicable, except when such supplementarity meets the aforementioned items and has the authorization of this CNBV, and d) the standards that have been applied in the supplementarity process shall be replaced, at the time a specific accounting criterion is issued by the CNBV or an NIF, on the subject in which said process was applied.

Disclosure standards

Entities that follow the supplementary process recorded in this criterion must communicate in writing to the vicepresidency of the CNBV in charge of their supervision within 10 calendar days following its application, the accounting standard that has been adopted supplementarily, as well as its basis of application and the source used. Additionally, entities must disclose through notes to the financial statements, the information requested in the aforementioned NIF A-1, Chapter 90, and the quantification of its impacts on the financial statements.

B-1 CASH AND CASH EQUIVALENTS

Objective and scope

The purpose of this criterion is to define the particular standards relative to the recognition, valuation, presentation, and disclosure in the financial statements of the items that make up the cash and cash equivalents item in the statement of financial position of entities.

Definitions

Cash.- It is the legal tender and foreign currency in cash and in deposits in financial entities made in the country or abroad available for the operation of the entity, such as, availability in checking accounts, bank drafts, telegraphic or postal orders, and remittances in transit.

Cash equivalents.- They are short-term, highly liquid securities, easily convertible to cash that are subject to insignificant risks of changes in their value and are held to meet short-term commitments rather than for investment purposes; they may be denominated in national or foreign currency; for example, the purchase of currencies that according to applicable regulation are not considered financial derivatives, immediate collection documents, and highly liquid financial instruments.

Highly liquid financial instruments.- They are securities whose disposal is expected within a maximum of 48 hours from their acquisition, generate returns, and have insignificant risks of changes in their value.

Deposits in financial entities represented or invested in securities that do not meet the assumptions provided in the two previous paragraphs shall be subject to NIF C-2 "Investment in financial instruments".

Recognition standards

Cash shall be initially recognized at its fair value, which is its nominal value. 6

All cash equivalents, upon initial recognition, must be valued at their fair value. 7

Returns generated by cash and cash equivalents shall be recognized in the results of the period as they accrue.

"Firm" immediate collection documents shall be recognized in accordance with the following:
a) in the case of transactions with entities in the country, they must not contain uncollected items after 2 business days from the date the operation that gave rise to them was carried out, nor those that having been deposited in banks have been subject to return; b) when they correspond to transactions with entities abroad, they shall be registered in cash and cash equivalents only if they are collectible within a maximum term of 5 business days.

When the documents indicated in the previous paragraph have not been collected within the aforementioned terms (2 or 5 days as appropriate), the amount of these shall be transferred to the account that gave rise to them, that is, if they come from various debtors, what is established in NIF C-3 or NIF C-20 "Financial assets to collect principal and interest" shall be attended to.

"Subject to good collection" immediate collection documents, for operations carried out with entities in the country or abroad, shall be registered in off-balance sheet accounts in the item of other registration accounts.

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Foreign currencies acquired that are agreed to be settled on a date subsequent to the negotiation of the buy-sell transaction will be recognized on said negotiation date as restricted cash and cash equivalents (foreign currencies to be received), whereas the foreign currencies sold will be recorded as an outflow of cash and cash equivalents (foreign currencies to be delivered). The counterparty must be a clearing, creditor, or debtor account, as appropriate, in accordance with what is established in criterion A-3 “Application of general standards.”

Valuation Standards
Cash shall be maintained valued at its nominal value, while cash equivalents shall be valued at their fair value.
Highly liquid financial instruments must be valued based on what is established in the standards on financial instruments, according to the business model corresponding to each type of instrument.

Presentation Standards
Statement of Financial Position
The item of cash and cash equivalents shall be shown in the statement of financial position of entities as the first item comprising assets, including restricted cash and cash equivalents. In the event that there is an overdraft in checking accounts reported in the account statement issued by the corresponding credit institution, the amount of the overdraft must be presented in the item of other accounts payable, even if other checking accounts with the same credit institution remain. Likewise, if the compensated balance of foreign currencies to be received with foreign currencies to be deliver or any concept that integrates the item of cash and cash equivalents were to show a negative balance, said concept must be presented in the item of other accounts payable.

Statement of Comprehensive Income
The result from the buy-sell of foreign currencies linked to their social object will be grouped within the item result from buy-sell, which refers to criterion D-3 “Statement of comprehensive income.” The yields generated by deposits in financial entities, as well as the valuation effects of those constituted in foreign currency, will be presented in the statement of comprehensive income as an income or expense for interest, whereas the results from valuation and buy-sell of foreign currencies linked to their social object will be grouped in the corresponding item, as indicated in criterion D-3 “Statement of comprehensive income.”

Disclosure Standards
The item of cash and cash equivalents will be disaggregated through notes to the financial statements including, as appropriate, cash, deposits in financial entities made in the country and abroad, and finally, other cash equivalents. Likewise, the following rules must be observed where applicable:
a) when any item within the item has restrictions regarding availability or purpose to which it is destined, its amount, the reasons for its restriction, and the probable date on which it will expire must be disclosed; b) in the event that the balance of cash and cash equivalents is presented in liabilities, in terms of what is stated in paragraph 16, this fact and the causes that gave rise to it must be disclosed; c) the existence of cash and cash equivalents denominated in foreign currency must be disclosed, indicating its amount, type of currency involved, settlement term, quotations used for its conversion, and its equivalent in national currency; d) disclose the effect of subsequent events that, due to their importance, have substantially modified the valuation of cash and cash equivalents in foreign currency and in highly liquid financial instruments, between the date of the financial statements and the date on which these are authorized for issuance, in accordance with NIF B-13 “Subsequent events after the date of the financial statements.”

B-3 REPO OPERATIONS
Objective and Scope
This criterion aims to define the particular standards relative to the recognition, valuation, presentation, and disclosure in the financial statements of repo operations. The treatment of operations that, in accordance with what is established in NIF C-14 “Transfer and derecognition of financial assets,” meet the requirements to derecognize the financial assets subject thereof, in virtue that the risks, benefits, and control of said financial assets are transferred, is not the object of this criterion, therefore it must comply with what is established in NIF C-2 “Investment in financial instruments.”

Substantially similar financial assets.- Those financial assets that, among others, maintain the same primary obligor, identical form and type (which generates substantially the same risks and benefits), same maturity date, identical contractual interest rate, similar collateral, same outstanding balance. Derecognition of financial assets.- It is the total or partial elimination of a financial asset, previously recognized in the statement of financial position of an entity, which takes place when that item no longer meets the definition of an asset, that is, when the entity loses control over it. Collateral.- It is the safeguard constituted by an asset or group of assets to guarantee the payment of agreed counter-prestations. For the purposes of repo operations, the collateral will always be those permitted in accordance with current regulation. Counter-prestations.- Cash and cash equivalents, the right to receive all or specific portions of cash flows from a trust, entity, or other figure, equity financial instruments, derivative financial instruments, or any other type of asset obtained in a transfer of financial assets, including any obligation incurred. For the purposes of repo operations, the counter-prestations will always be those permitted in accordance with current regulation. Amortized cost.- . It is a historical cost valuation basis applicable to financial assets and financial liabilities and reflects the present value of future flows. For variable rate instruments, the discount rate is updated to reflect changes therein. The amortized cost of a financial asset or financial liability is updated over time to describe subsequent changes, such as the accrual of interest, impairment of the financial asset, and collections and payments. Equity financial instruments.- Any document or title originating from a contract that evidences participation or the option to participate in the net assets of an entity. Effective interest method.- It is the one used in the calculation of the amortized cost of a financial instrument to distribute its effective interest income or expense in the corresponding periods of the life of the financial instrument. Cash-oriented repo operations.- Transaction motivated by the need of the borrower to obtain cash financing and the intention of the lender to invest its excess cash. Securities-oriented repo operations.- Transaction motivated by the need of the lender to temporarily access certain specific financial instruments and the intention of the borrower to increase the yields of its investments in financial instruments. Fixed price at maturity.- It is that right or obligation, as the case may be, represented by the agreed price plus the repo interest, agreed upon in the operation. Agreed price.- Represents the right or obligation to receive or deliver resources, agreed upon at the beginning of the operation. Borrower.- That entity that receives cash, through a repo operation in which it transfers financial assets
as collateral, with the obligation to reintegrate to the lender at the end of the operation the cash and agreed repo interest. Lender.- That entity that delivers cash, through a repo operation, in which it receives financial assets as collateral, with the obligation to return them to the borrower at the end of the operation and receiving the cash plus agreed repo interest. Repo.- Operation by means of which the lender acquires for a sum of money the ownership of credit titles, and obligates itself to transfer to the borrower the ownership of as many titles of the same species, in the agreed term and against reimbursement of the same price plus a premium. The premium remains to the benefit of the lender, unless otherwise agreed. Effective interest rate.- It is the rate that exactly discounts the estimated future cash flows that will be collected or settled during the expected life of a financial instrument in the determination of its amortized cost; its calculation must consider contractual cash flows and related transaction costs. Repo rate.- It is the agreed rate with which the payment of interest for the use of cash in the repo operation is determined. Fair value.- It is the exit price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the valuation date.

Characteristics
Economic and Legal Substance of Repo Operations Repo operations for legal purposes are considered as a sale, where an agreement to repurchase the transferred financial assets is established. Nevertheless, the economic substance of repo operations is that of financing with collateral, where the lender delivers cash as financing, in exchange for obtaining financial assets that serve as protection in case of default. With respect to this, the financial assets granted as collateral by the borrower, which do not meet the requirements to be derecognized in terms of what is established by NIF C-14, continue to be recognized in their statement of financial position, since they retain the risks, benefits, and control of them; that is, if there were any change in fair value, accrual of interest, or dividends decreed on the financial assets granted as collateral, the borrower is the one exposed, and therefore recognizes said effects in its financial statements.

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In contrast, those operations where economically the lender acquires the risks, benefits, and control of the transferred financial assets cannot be considered as repo operations, being subject to NIF C-2. Difference with respect to securities lending Additionally, although the legal scheme of repo operations differs from that established for securities lending referred to in criterion B-4 “Securities lending,” since repo operations provide for the commitment to reacquire the financial asset subject of the operation at the fixed price at maturity, while securities lending does not consider the reacquisition thereof, since the risks, benefits, nor control are substantially transferred, but the return of the financial asset to the lender; the accounting treatment is similar, in virtue that both operations imply the temporary transfer of financial assets in exchange for cash or other collateral. For the aforementioned reasons and in consistency with the basic postulates referenced in NIF A-1, Chapter 20 “Basic postulates” (NIF A-1, Chapter 20), the economic substance must prevail over the legal form for the accounting treatment of repo or securities lending operations, which is similar in both operations. Intentionality of Repo Operations In repo operations there generally exist two types of intentions, either of the borrower or the lender: the “cash-oriented” or the “securities-oriented.” In a “cash-oriented” repo, the intention of the borrower entity is to obtain cash financing, using financial assets as collateral for this purpose; on the other hand, the lender obtains a yield on its investment at a certain rate and, not seeking any specific value, receives financial assets as collateral to mitigate the credit risk exposure it faces regarding the borrower. In this sense, the borrower pays the lender interest on the cash received as financing, calculated based on the agreed repo rate (which is usually lower than the rate existing in the market for financing without collateral in place). On the other hand, the lender achieves yields on its investment whose payment is secured through the collateral. In a “securities-oriented” repo, the intention of the lender is to temporarily access certain specific values possessed by the borrower (for example, if the lender through a previous repo operation in which it acts as borrower, contracted a commitment on a value similar to the object of the new operation), granting cash as collateral, which serves to mitigate the exposure faced by the borrower regarding the lender. With respect to this, the borrower pays the lender the agreed interest at the repo rate for the implicit financing obtained on the cash it received, where said repo rate is generally lower than what would have been agreed in a “cash-oriented” repo. In repo operations, it is usual to agree on an agreed price whose value is above or below the exchanged cash, so the difference existing between the exchanged cash and the agreed price serves to
protect the counterparty that is exposed to the risks of the operation (for example, against market risk). If the operation is “cash-oriented,” the borrower generally grants financial assets as guarantee at an agreed price lower than market value, so its fair value is higher compared to the cash received; in contrast, if it is “securities-oriented,” the lender will generally receive titles as guarantee at an agreed price higher than market value, so its fair value is below the cash granted. The delivery of collateral can occur at the beginning of the operation or during the life of the repo regarding variations in the fair value of the granted collateral. Considering all the foregoing, notwithstanding the economic intention, the accounting treatment of “cash-oriented” or “securities-oriented” repo operations is the same. Recognition and Valuation Standards Borrower On the contracting date of the repo operation, acting as borrower, the entity must recognize the entry of cash or cash equivalents or a debtor clearing account, as well as an account payable measured initially at the agreed price, which represents the obligation to restore said cash to the lender. Throughout the life of the repo, the account payable referred to in the preceding paragraph will be valued at its amortized cost through the recognition of repo interest in the results of the period as it accrues, in accordance with the effective interest method, affecting said account payable. With regard to the financial assets transferred to the lender, what is provided in the section of Collaterals granted and received other than cash of this criterion must be attended to. Lender On the contracting date of the repo operation, acting as lender, the entity must recognize the outflow of cash and cash equivalents or a creditor clearing account, registering an account receivable measured initially at the agreed price, which represents the right to recover the cash delivered. During the life of the repo, the account receivable referred to in the preceding paragraph will be valued at its amortized cost, through the recognition of repo interest in the results of the period as it accrues, in accordance with the effective interest method, affecting said account receivable.

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The financial assets that the reporter has received as collateral must be treated in accordance with what is established in the following section.

Collateral granted and received other than cash

The collateral granted by the reportee to the reporter (other than cash) must be recognized as follows:

a) The reporter will recognize the collateral received in off-balance sheet accounts, following for its valuation the guidelines established in the accounting criteria for investment funds that correspond. The reportee must reclassify the financial asset in its statement of financial position, presenting it as restricted, in accordance with what is established in criterion A-3 "Application of general standards", for which it will follow the valuation, presentation and disclosure rules in accordance with the accounting criteria for investment funds that correspond;

b) The reporter, when selling the collateral or granting it as security, must recognize the resources derived from the transaction, as well as an account payable for the obligation to return the collateral to the reportee (initially measured at the agreed price), which will be valued at its fair value or, in case it is granted as security in another repurchase transaction, at its amortized cost (any difference between the price received and the value of the account payable will be recognized in the results of the period);

c) In the event that the reportee fails to comply with the conditions established in the contract, and therefore cannot claim the collateral, it must derecognize it from its statement of financial position (since the risks, benefits and control are substantially transferred at that moment, in terms of what is established in NIF C-14) at its fair value against the account payable referred to in paragraph 34;

On its part, the reporter must recognize in its statement of financial position the entry of the collateral, as established in the accounting criteria for investment funds, according to the type of asset in question, against the account receivable referred to in paragraph 37, or in its case, if it had previously sold the collateral it must derecognize the account payable referred to in item b), relating to the obligation to return the collateral to the reportee;

d) The reportee must maintain the collateral in its statement of financial position and the reporter must recognize it in its financial statements only in off-balance sheet accounts, with the exception of what is established in the previous item c), that is, when the risks, benefits and control of the collateral have been transferred due to the default of the reportee;

e) The off-balance sheet accounts recognized for collateral received by the reporter must be cancelled when the repurchase transaction reaches its maturity or there is default by the reportee.

Likewise, in the case where the reporter becomes in turn a reportee by arranging another repurchase transaction with the same collateral received as security for the initial transaction, the interest for the repurchase agreed in the second transaction must be recognized in the results of the period as it accrues, according to the effective interest method, affecting the account payable valued at amortized cost referred to in item b) of paragraph 40.

In the case of transactions where the reporter sells, or in turn delivers as security the collateral received (for example, when another repurchase transaction or securities lending is agreed), it must keep in off-balance sheet accounts the control of said collateral sold or given as security, following for its valuation the guidelines of the accounting criteria for investment funds that correspond.

The off-balance sheet accounts recognized for collateral received that in turn have been sold or given as security by the reporter must be cancelled when the entity acquires the sold collateral to return it to the reportee, or when the second transaction in which the collateral was given as security reaches its maturity or there is default by the counterparty.

Presentation standards

Statement of financial position

The account receivable or payable that represents the right or obligation to receive or return cash, as appropriate, as well as accrued interest, must be presented within the statement of financial position, in the item of debtors for repurchase or creditors for repurchase, as appropriate.

The collateral delivered by the reportee must be presented as restricted according to the type of financial assets in question; while the reporter will present it in off-balance sheet accounts in the item of collateral received by the entity.

The account payable referred to in item b) of paragraph 40, which represents the reporter's obligation to return to the reportee the collateral that it had sold or given as security, must be presented within the statement of financial position in the item of collateral sold or given as security.

The off-balance sheet accounts referred to in paragraph 42, regarding those collateral received by the reporter that in turn have been sold or given as security (for example, other repurchase and securities lending transactions) must be presented in the item of collateral received and sold or delivered as security by the entity.

Statement of comprehensive income

The accrual of interest for repurchase derived from the transaction, as well as that referred to in paragraph 41, will be presented in the item of income or expenses for interest, as appropriate.

The difference referred to in item b) of paragraph 40 that, if any, was generated by the sale, will be presented in the item of result from sales.

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The fair value valuation of the account payable referred to in item b) of paragraph 40, which represents the reporter's obligation to return to the reportee the collateral that it had sold, will be presented in the item of result from fair value valuation.

Offsetting of financial assets and liabilities

Since restricted financial assets continue to be recognized in the statement of financial position based on the guidelines of this criterion, said assets and the associated liabilities must not be offset against each other. Likewise, the entity must not offset the income from the restricted financial asset with the costs and/or expenses incurred by the associated liability.

For the purposes of offsetting between financial assets and liabilities acting as a reporter, the provisions of NIF B-12 "Offsetting of financial assets and financial liabilities" must be observed.

Disclosure standards

Entities must disclose through notes to the financial statements the following information corresponding to repurchase transactions:

a) total amount of transactions carried out;

b) amount of repurchase interest recognized in the results of the period as income or expenses, as appropriate;

c) average terms in the contracting of active repurchase transactions;

d) the total amount by type of asset of the collateral both delivered and received;

e) of the collateral received and in turn sold or delivered as security, the total amount by type of asset, and

f) the rate agreed in relevant transactions.

Appendix A is normative. Its content illustrates the application of criterion B-3, with the purpose of helping to better understand its meaning.

Appendix A

Examples of application of the principles of non-derecognition from the statement of financial position

If a contract establishes that the financial asset (collateral) will be reacquired at a fixed price or at the sale price plus the normal profit that the entity delivering the collateral has obtained, the above constitutes a repurchase transaction, and therefore, said financial asset must not be derecognized from the statement of financial position, since the party delivering the collateral retains substantially all the risks and benefits inherent to the ownership of the financial asset.

If a contract establishes that the same financial asset (collateral) or another substantially similar one will be reacquired, at a fixed price or at a sale price plus the normal profit that the party delivering the collateral has obtained, which constitutes a repurchase transaction, and therefore, said asset must not be derecognized from the statement of financial position since the entity delivering the collateral retains substantially all the risks and benefits inherent to the ownership of the financial asset.

If a contract at a fixed repurchase price or equal to the sale price plus the normal profit that the party delivering the collateral has obtained, grants the party receiving said collateral the right to substitute the financial assets with others substantially similar and of fair value equivalent to that of the reported asset on the repurchase date, such transaction constitutes a repurchase, and therefore, the asset subject to repurchase, must not be derecognized in the statement of financial position, since the reportee retains substantially all the risks and benefits inherent to the ownership of the financial asset.

If an entity sells a financial asset and retains only the right of priority to reacquire the transferred asset at its fair value in case the acquirer subsequently sells it, such transaction does not constitute a repurchase transaction and the entity must derecognize the financial asset from the statement of financial position, in virtue that it has transferred substantially all the risks and benefits inherent to ownership.

B-4 SECURITIES LENDING

Objective and scope

The present criterion aims to define the particular standards relative to the recognition, valuation, presentation and disclosure in the financial statements, of securities lending transactions carried out by entities.

The treatment of transactions that, in accordance with what is established in NIF C-14 "Transfer and derecognition of financial assets", meet the requirements to derecognize the financial assets subject to the same, in virtue that the risks, benefits and control of said financial assets are transferred, is not the object of the present criterion, therefore it must attend to what is established in NIF C-2 "Investment in financial instruments".

Definitions

Financial asset.- A right arising from a contract, which provides monetary economic resources to the entity. Therefore, it includes, among others:

a) cash or cash equivalents;

b) financial instruments generated by a contract, such as an investment in debt or equity instruments issued by a third party;

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c) a contractual right to receive cash or any other financial instrument from another entity;

d) a contractual right to exchange financial assets or financial liabilities with a third party under favorable conditions for the entity, or

e) a right that will be collected with a variable number of equity instruments issued by the entity itself.

Derecognition of financial assets.- It is the total or partial elimination of a financial asset, previously recognized in the statement of financial position of an entity, which takes place when that item no longer meets the definition of an asset, that is, when the entity loses control of it.

Collateral.- It is the safeguard constituted by an asset or group of assets to guarantee the payment of the agreed counterpayments. For the purposes of securities lending transactions, the collateral will in all cases be those permitted in accordance with current regulation.

Counterpayments.- Cash and cash equivalents, the right to receive all or specific portions of cash flows from a trust, entity or other figure, equity instruments, derivative financial instruments or any other type of asset that is obtained in a transfer of financial assets, including any obligation incurred. For the purposes of securities lending transactions, the counterpayments will in all cases be those permitted in accordance with current regulation.

Amortized cost.- It is a historical cost valuation basis applicable to financial assets and financial liabilities and reflects the present value of future flows. For variable rate instruments, the discount rate is updated to reflect changes in it. The amortized cost of a financial asset or a financial liability is updated over time to describe subsequent changes, such as the accrual of interest, the impairment of the financial asset and collections and payments.

Equity instruments.- Any document or title originating from a contract that evidences the participation or option to participate in the net assets of an entity.

Effective interest method.- It is the one used in the calculation of the amortized cost of a financial instrument to distribute its effective interest income or expense in the corresponding periods of the life of the financial instrument.

Premium.- It is the payment made by the borrower to the lender for the loan of its securities. 11

Lender.- It is the entity that transfers securities to the borrower receiving as collateral financial assets.

Securities lending.- It is that operation in which the transfer of securities from the lender to the borrower is agreed, with the obligation to return such securities or other substantially similar ones on a specific date or at request, while the borrower grants the lender collateral.

Borrower.- It is the entity that receives securities from the lender granting as collateral, financial assets.

Effective interest rate.- It is the rate that exactly discounts the estimated future cash flows to be collected or settled during the expected life of a financial instrument in the determination of its amortized cost; its calculation must consider the contractual cash flows and the relative transaction costs.

Fair value.- It is the exit price that, on the valuation date, would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants.

Securities subject to the loan.- Those equity instruments or securities susceptible to being negotiated in lending in accordance with the respective regulation.

Characteristics

Economic and legal substance of securities lending transactions

Securities lending transactions for legal purposes are considered as a sale, where an agreement is established to return on a set date the securities subject to the transaction. However, the economic substance of securities lending transactions consists of the borrower being able to temporarily access certain types of securities where the collateral serves to mitigate the risk exposure that the lender faces with respect to the borrower.

It is possible that, in securities lending transactions, the borrower guarantees the lender for the return of the securities subject to the transaction, through cash resources deposited in a trust. These resources are outside the reach of the lender and can only be made effective when the guarantee is executed in case of default. For the above, the cash granted as collateral is restricted in the borrower's statement of financial position, while the lender must not recognize it (other than in off-balance sheet accounts).

To this extent, the securities subject to the transaction transferred by the lender (or the financial assets granted as collateral by the borrower), that do not meet the requirements to be derecognized in terms of what is established by NIF C-14, continue to be recognized in their statement of financial position, since they retain the risks, benefits and control of the securities subject to the transaction (or of the financial assets). For example, if there were any change in fair value, accrual of interest or dividends were decreed on the securities (or financial assets granted as collateral), the lender (or borrower) will be the one to recognize said effects in its financial statements.

122 OFFICIAL GAZETTE Thursday, September 4, 2025

Therefore, those transactions where economically the borrower (or lender) acquires the risks, benefits and control of the securities (or financial assets) transferred cannot be considered as securities lending transactions being subject to NIF C-2.

Difference with respect to repurchase transactions

Additionally, although the legal scheme of securities lending differs from that established for repurchase transactions referred to in criterion B-3 "Repurchases", since securities lending transactions do not consider the reacquisition of the financial asset subject to the transaction, since the risks, benefits, nor control are not substantially transferred, but the return of the same to the lender, while repurchases provide for the commitment to reacquire said financial asset at the fixed maturity price, the accounting treatment is similar, in virtue that both transactions imply the temporary transfer of financial assets in exchange for collateral.

For the aforementioned reasons and in consistency with the basic postulates referred to in NIF A-1, Chapter 20 "Basic postulates" (NIF A-1, Chapter 20), the economic substance must prevail over the legal form for the accounting treatment of repurchase or securities lending transactions, which is similar in both transactions.

Intention of securities lending transactions

As previously mentioned, the intention of agreeing a securities lending transaction is for the borrower to temporarily access certain specific types of securities that the lender possesses, granting as collateral, financial assets, which serves to mitigate the risk exposure that the lender faces with respect to the borrower.

To this extent, in the securities lending transaction, the borrower will pay the lender a premium for the loan of the security subject to the transaction.

In securities lending transactions, collateral is agreed whose value is usually above the value of the subject transaction.

The delivery of collateral can occur at the beginning of the transaction or during the life of the securities lending with respect to variations in the fair value of the granted collateral.

Recognition and valuation standards

Lender

On the date of contracting the securities lending transaction acting as a lender, with respect to the value of the loan subject transferred to the borrower, it must recognize it as restricted, in accordance with what is established in criterion A-3 "Application of general standards", for which it will follow the valuation, presentation and disclosure rules in accordance with the accounting criteria for investment funds that correspond.

The amount of accrued premium will be recognized in the results of the period, through the effective interest method during the validity of the transaction, against an account receivable.

With regard to the financial assets received as collateral (including cash administered in trust), they will be recognized in off-balance sheet accounts, following for their valuation the guidelines established in the accounting criteria for investment funds that correspond.

In the case where the lender, prior to the maturity of the securities lending transaction and without default by the borrower of the conditions established in the contract, sells the collateral received, it must recognize the entry of the resources derived from the sale, as well as an account payable for the obligation to return said collateral to the borrower (initially measured at the agreed price) that will be valued at fair value. This, with the exception that the collateral is delivered as security in a repurchase transaction, for which the provisions of criterion B-3 must be attended to.

If the borrower fails to comply with the conditions established in the contract, the lender must recognize the entry of the collateral, as established in the accounting criteria for investment funds, according to the type of asset in question, as well as derecognize the value subject to the operation that had previously been restricted, or in its case, if it had previously sold the collateral it must derecognize the account payable referred to in the previous paragraph, which represents the obligation to return the collateral to the borrower.

The lender must maintain in its statement of financial position the value subject to the operation and the borrower must not recognize it in its financial statements, but only in off-balance sheet accounts, with the exception of what is established in the previous paragraph, where the risks, benefits and control of the collateral have been transferred due to the borrower's default.

The off-balance sheet accounts recognized for the financial assets received as collateral by the lender must be cancelled when the securities lending transaction reaches its maturity or there is default by the borrower.

In the case of securities lending where the value subject to the operation granted by the lender comes from collateral received in other transactions (for example, a repurchase or another securities lending), the control of said collateral must be kept in off-balance sheet accounts.

The off-balance sheet accounts referred to in the previous paragraph must be cancelled when the transaction in which the collateral was given as security reaches its maturity or there is default by the borrower.

Borrower
On the date of contracting the securities lending transaction, acting as the borrower with respect to the security subject to the loan received, said security must be recognized in off-balance sheet accounts, following for its valuation the guidelines established in the corresponding accounting criterion for investment funds. The amount of accrued premium shall be recognized in the period's results, through the effective interest method during the term of the operation, against an account payable. With regard to financial assets delivered as collateral, they must be recognized as restricted (including cash administered in trust), in accordance with what is established in criterion A-3, which will follow the valuation, presentation, and disclosure norms in accordance with the corresponding accounting criterion for investment funds. On the date that the borrower sells the security subject to the operation, it must recognize the inflow of resources from the sale, as well as an account payable for the obligation to return said security to the lender, (initially measured at the agreed price), which will be valued at fair value. This is without prejudice to the exception that the security subject to the operation is delivered as guarantee in a repurchase agreement, for which the provisions of criterion B-3 must be attended to. If the borrower fails to comply with the conditions established in the contract, and therefore cannot claim the financial assets delivered as collateral, it must derecognize them from its statement of financial position (since risks, benefits, and control are substantially transferred at that moment in terms of what is established in NIF C-14) at their fair value, against the account payable referred to in the previous paragraph, which represents the obligation to return the security subject to the operation to the lender. The borrower must keep in its statement of financial position the collateral delivered and the lender must not recognize them in its financial statements, but only in off-balance sheet accounts, with the exception of what is established in the previous paragraph, that is, when the risks, benefits, and control of the collateral have been transferred by the borrower's default. The off-balance sheet accounts recognized by the securities subject to the operation received by the borrower must be cancelled when the securities lending operation reaches maturity. In the case of securities loans where the financial assets granted as guarantee by the borrower come from collateral received in other transactions (for example, a repo or another securities loan), control of said collateral must be maintained in off-balance sheet accounts. The off-balance sheet accounts referred to in the previous paragraph must be cancelled when the operation in which the collateral was given as guarantee reaches maturity. Presentation Norms Statement of Financial Position The security subject to the operation, as well as the collateral
delivered, must be presented as restricted, by the lender or borrower, as appropriate, according to the type of financial asset involved. The security subject to the operation received by the borrower, as well as the collateral received by the lender, will be presented in off-balance sheet accounts under the item of collateral received by the entity. The receivable or payable premium will be presented in the securities lending item of the asset or liability, as appropriate. The account payable representing the obligation of the borrower (or lender) to return the security subject to the operation (or the collateral) to the lender (or borrower) must be presented within the statement of financial position, in the item of sold collateral or collateral given as guarantee. The off-balance sheet accounts referred to in paragraphs 35 and 44 will be presented in the item of collateral received and sold or delivered as guarantee by the entity. Statement of Comprehensive Income The accrual of premium recognized in the period's results will be presented in the item of interest income or expenses, as appropriate. The difference between the price received and the fair value of the security subject to the operation or the collateral received, if any existed at the time of sale, will be presented in the item of gain/loss on sale. The fair value valuation of the account payable representing the obligation to return the security subject to the operation or the collateral received, as appropriate, will be presented in the item of gain/loss on fair value valuation. Offsetting of financial assets and liabilities Since the restricted financial assets continue to be recognized in the statement of financial position based on the guidelines of this criterion, said assets and associated liabilities must not be offset against each other. Likewise, the entity must not offset the income from the transferred financial asset with the costs and/or expenses incurred by the associated liability. Disclosure Norms Entities must disclose through notes to the financial statements, the information corresponding to securities lending operations in the following manner:

124 OFFICIAL GAZETTE Thursday, September 4, 2025 a) total amount of operations carried out; b) description of ongoing operations, detailing the characteristics that identify it as a securities lending operation; c) amount of premiums recognized in the period's results as income or expenses, as appropriate; d) average terms in the contracting of securities lending operations; e) regarding the securities subject to ongoing securities lending operations, delivered or received, total amount, by type of title, over which the right of sale or pledge was exercised; f) type and total amount by type of asset for both delivered and received collateral, and g) for collateral received and subsequently sold or delivered as guarantee, the total amount, by type of asset. B-6 ADJUDICATED GOODS Objective and Scope This criterion aims to define the particular norms relative to the recognition, valuation, presentation, and disclosure in the financial statements of goods that entities adjudicate. It is not the object of this criterion the treatment of goods that entities adjudicate and are destined for their use, since for this type of goods the guidelines provided in the accounting criteria applicable to the type of good involved will apply. Definitions Adjudicated goods.- Movable goods (equipment, securities, rights, among others) and immovables that as a consequence of an uncollectible account, right, or item, the entity:
a) acquires through judicial adjudication, or b) receives through deed in payment.
Disposal cost.- Is that direct incremental cost derived from the sale or exchange of an asset or group of assets, such as commissions, storage, transport, insurance, etc., without considering financing costs and profit taxes; includes any distribution cost to owners that is the disposal cost directly attributable to said distribution. Net realizable value.- Is the amount estimated by an entity of what it expects to receive, in cash, cash equivalents, or in kind, from the sale of an asset minus disposal costs. Fair value of the adjudicated good.- For the purposes of this criterion, it corresponds to that determined on the date of adjudication:
a) in the case of goods whose valuation can be made through appraisal, this must comply with the requirements established by the CNBV applicable to providers of banking appraisal services, or b) for those goods not subject to appraisal, the exit price that would be received at the date of valuation to sell an asset or paid to transfer a liability in an orderly transaction between market participants. Recognition Norms Goods acquired through judicial adjudication must be registered on the date the approving order of the auction through which the adjudication was decreed becomes final. Goods that have been received through deed in payment will be registered, on their part, on the date the deed of deed in payment is signed, or on the date formal transmission of the property of the good has been given. The recognition value of adjudicated goods will be:
a) at the lower between the gross book value of the asset that gave rise to the adjudication, that is, without deducting the preventive estimation for credit risks that has been recognized up to that date, and the net realizable value of the assets received, when the entity's intention is to sell said assets to recover the amount to be collected; or b) at the lower between the gross book value of the asset that gave rise to the adjudication and the fair value of the asset received, when the entity's intention is to use the adjudicated asset for its activities. On the date on which an adjudicated good is registered in accounting, the value of the asset that gave rise to the adjudication, as well as the estimation if any constituted, must be derecognized from the statement of financial position of the entities. The difference between the value of the asset that gave rise to the adjudication, net of estimations, and the value of the adjudicated good determined in accordance with paragraph 9, will be recognized in the period's results as other operating income or expenses. Valuation Norms Adjudicated goods must be valued as established in the accounting criteria for investment funds, according to the type of good involved, registering said valuation against the period's results as other operating income or expenses, as appropriate. At the time of sale of adjudicated goods, the difference between the sale price and the book value of the adjudicated good, net of estimations, must be recognized in the period's results as other operating income or expenses.

Thursday, September 4, 2025 OFFICIAL GAZETTE 125 Transfer of adjudicated good for use When opting to transfer adjudicated goods for the entity's use, such transfer can be made to the item in the statement of financial position corresponding to the asset involved, provided that it is fulfilled that the goods are used for the realization of its object and is carried out in accordance with the investment strategies and ends of the entity that are previously established in its manuals, there being no possibility that said goods can again be considered as adjudicated. Presentation Norms Statement of Financial Position Adjudicated goods must be presented in a separate item within the statement of financial position, net of estimations, immediately after accounts receivable. Statement of Comprehensive Income The result from the sale of adjudicated goods and adjustments to their value, will be presented in the item of other operating income or expenses, as appropriate. The difference referred to in paragraph 11 corresponding to the result from adjudication of goods will be presented in the item of other operating income or expenses. Disclosure Norms It must be disclosed through notes to the financial statements the type of adjudicated good involved (immovables, equipment, securities, rights, among others) and the procedure used for the valuation of said good, the amount and the use that will be given to it, regarding those adjudicated goods that have opted to transfer for use of the entity. When the value of the asset that gave rise to the adjudication is equal to the corresponding estimations, the fair value of the adjudicated good must be disclosed. D-1 INVESTMENT PORTFOLIO VALUATION STATEMENT Background Financial information must fulfill, among others, the purpose of informing about the composition of the investment portfolio of entities at a certain date, requiring the establishment, through specific criteria, of the objectives and general structure that the investment portfolio valuation statement must have. Objective and Scope This criterion aims to establish the general characteristics, as well as the structure that the entity's investment portfolio valuation statement must have, which must adhere to what is provided in this criterion and be considered part of the basic financial statements of the entities, for the purposes of what is established in NIF A-1, Chapter 30 "Objective of financial statements". Likewise, minimum guidelines are established with the purpose of homogenizing the presentation of this financial statement among entities and, in this way, facilitate its comparability. The investment portfolio valuation statement aims to present the value of investments carried out by the entity, as well as some representative indicators of the risk of said investments at a certain date. The investment portfolio valuation statement, therefore, must adequately and on consistent bases show the position of entities regarding their financial assets,
so that their composition and risk can be evaluated. Additionally, the investment portfolio valuation statement must fulfill the objective of being a useful tool for the analysis of different entities, so it is convenient to establish the concepts and general structure that said financial statement must contain. Concepts Integrating the Investment Portfolio Valuation Statement In a broad context, the concepts integrating the investment portfolio valuation statement are: cash and cash equivalents, negotiable financial instruments, repos, securities lending, and derivative financial instruments, as well as, if applicable, permanent investments in shares of promoted companies, the latter applicable only to capital investment funds. Structure of the Investment Portfolio Valuation Statement The minimum items that must be included in the investment portfolio valuation statement are the following:
cash and cash equivalents; negotiable financial instruments; repos; securities lending; derivative financial instruments and, if applicable, permanent investments in shares of promoted companies. Presentation of the Investment Portfolio Valuation Statement The items described above correspond to the minimum required for the presentation of the investment portfolio valuation statement, however, entities must break down, either in said financial statement or through notes, the content of the concepts they consider necessary in order to show their financial situation to the user of the information. At the end of this criterion, an investment portfolio valuation statement prepared with the minimum items referred to in the previous paragraph is shown.

126 OFFICIAL GAZETTE Thursday, September 4, 2025 However, certain items of the investment portfolio valuation statement require special guidelines for their presentation, which are described below:
Cash and Cash Equivalents
Cash and cash equivalents must be presented as follows:
cash and cash equivalents without restriction, and restricted cash and cash equivalents or given as guarantee.
Negotiable Financial Instruments
Investment in Financial Capital Instruments
Investments in negotiable financial capital instruments must be classified according to the type of instrument involved distinguished as follows:
national shares; foreign shares; investment fund shares; certificates of real estate investment trusts; fiduciary titles of capital, mortgage, and development; asset-backed securities; quoted investment fund certificates, and others Investment in Debt Securities Investments in debt securities must be classified according to the type of entity issuing the paper object of the investment, identifying as appropriate, at least the following:
government securities; bank titles, and private paper.
Repos
Repo debtors, that is the amount of financing granted in repo operations, as well as accrued interests, must be presented in this item.
Securities Lending
The securities subject to the operation and premiums accrued by securities lending operations will be presented in this item.
Operations with Derivative Financial Instruments This type of operation must be separated into the following items:
futures; forward contracts; options; swaps, and packages of derivative financial instruments.
Permanent Investments in Shares of Promoted Companies Regarding capital investment funds, the names of the entities in which the investment is held must be indicated, as well as the sector to which they belong (industrial companies, commercial, service, and others). General Considerations For each of the categories mentioned in the previous section, the percentage of participation based on the total portfolio must be established. Each of the items must present, where applicable, the following information:
issuer; series; type of security; rate at valuation; rating or marketability; number of titles operated; number of titles settled; total titles of the issuance; average unit acquisition cost; total acquisition cost; unit fair or book value; total fair or book value, and days to maturity. The provisions established in this criterion must be attended to independently of the compliance with the disclosure norms described in the accounting criteria for investment funds.

Thursday, September 4, 2025 OFFICIAL GAZETTE 127 NAME OF THE INVESTMENT FUND ADMINISTERED BY (NAME OF THE OPERATING SOCIETY THAT ADMINISTERS THE ASSETS OF THE INVESTMENT FUND) ADDRESS INVESTMENT PORTFOLIO VALUATION STATEMENT AT _____ OF ____________ OF _____ (Amounts in thousands of pesos) Concept Issuer Series Type of Security Rate at Valuation Rating or Marketability Number of Titles Operated Number of Titles Settled Total Titles of Issuance Average Unit Acquisition Cost Total Acquisition Cost Unit Fair or Book Value Total Fair or Book Value Days to Maturity CASH AND CASH EQUIVALENTS % Cash and cash equivalents without restriction Restricted cash and cash equivalents or given as guarantee NEGOTIABLE FINANCIAL INSTRUMENTS % Investment in financial capital instruments National shares Foreign shares Investment fund shares Certificates of real estate investment trusts Fiduciary titles of capital, mortgage, and development Asset-backed securities Quoted investment fund certificates Others % Investment in debt instruments Government securities Bank titles Private paper REPOS % Repo debtors SECURITIES LENDING % Securities subject to the operation % Premiums accrued by securities lending operations OPERATIONS WITH DERIVATIVE FINANCIAL INSTRUMENTS % Futures Forward contracts Options Swaps Packages of derivative financial instruments PERMANENT INVESTMENTS IN SHARES OF PROMOTED COMPANIES % Investments in shares of promoted companies Industrial companies Commercial companies Service companies Others The concepts appearing in this statement are shown in an enumerative rather than limiting manner.

128 DIARIO OFICIAL Thursday, September 4, 2025 D-2 STATEMENT OF FINANCIAL POSITION Background Financial information must comply, among other things, with the objective of presenting the financial position of entities at a specific date, requiring the establishment, through specific criteria, of the objectives and general structure that the statement of financial position must have.

Objective and scope
The purpose of this criterion is to establish the general characteristics and the structure that the statement of financial position of entities must have, which must adhere to what is provided in this criterion. Likewise, minimum guidelines are established with the purpose of standardizing the presentation of this financial statement among entities, and in this way, facilitate its comparability. The statement of financial position aims to present information relating to the resources (assets) and sources of financing (liabilities and equity) of the entity at a specific date. The statement of financial position, therefore, must adequately and on a consistent basis show the position of entities regarding their assets, liabilities, equity, and off-balance sheet accounts, so that the economic resources available to such entities can be evaluated, as well as the net asset value per share of the entities. Additionally, the statement of financial position must fulfill the objective of being a useful tool for the analysis of the various entities, so it is convenient to establish the concepts and general structure that such financial statement must contain.

Concepts that make up the statement of financial position In a broad context, the concepts that make up the statement of financial position are: assets, liabilities, and equity, understood as such concepts as defined in NIF A-1, Chapter 50, "Basic elements of financial statements." Likewise, the off-balance sheet accounts referred to in this criterion are part of the concepts that make up the structure of the statement of financial position of entities.

Structure of the statement of financial position The structure of the statement of financial position must group the concepts of assets, liabilities, equity, and off-balance sheet accounts, in such a way that it reflects their degree of liquidity or exigibility from highest to lowest, as appropriate. In this way, the minimum items that must be included in the statement of financial position are the following:

Assets cash and cash equivalents; margin accounts (derivative financial instruments); investments in financial instruments; repo debtors; securities lending; derivative financial instruments; valuation adjustments for hedging financial assets; accounts receivable (net); foreclosed assets (net); long-term assets held for sale; prepayments and other assets; property, plant and equipment (net); right-of-use assets for property, plant and equipment (net); permanent investments in shares of promoted companies; deferred income tax assets; intangible assets (net); right-of-use assets for intangible assets (net), and goodwill.

Liabilities repo creditors; securities lending; collateral sold or pledged; derivative financial instruments; valuation adjustments for hedging financial liabilities; lease liability;

Thursday, September 4, 2025 DIARIO OFICIAL 129 other payables; liabilities related to groups of assets held for sale; financial instruments that qualify as liabilities; obligations associated with the removal of components of property, plant and equipment; income tax liability, and defined benefits and advance payments.

Equity contributed capital, and retained earnings.

Off-balance sheet accounts contingent assets and liabilities; authorized share capital; issued shares; collateral received by the entity; collateral received and sold or pledged by the entity, and other recording accounts.

Presentation of the statement of financial position The items described above correspond to the minimum required for the presentation of the statement of financial position; however, entities must disaggregate, either in the said financial statement or through notes, the content of the concepts they consider necessary in order to show their financial situation to the information user. At the end of this criterion, a statement of financial position prepared with the minimum items referred to in the previous paragraph is shown. However, certain items of the statement of financial position require special guidelines for their presentation, which are described below:

Margin accounts (derivative financial instruments) Balances arising from cash margin accounts, investments in financial instruments, or other assets referred to in NIF C-10 "Derivative financial instruments and hedging relationships" will be presented as part of this item.

Repo debtors
The debtor balance arising from repo operations referred to in the corresponding criterion will be presented immediately after the concept of investments in financial instruments.

Derivative financial instruments
Financial assets arising from derivative financial instruments will be presented immediately after the concept of securities lending, disaggregated into derivative financial instruments for trading purposes or for hedging purposes, as appropriate.

Valuation adjustments for hedging financial assets In a fair value hedge of interest rate risk of a portion of a portfolio composed of financial assets, the adjustment to the book value of the hedged item by the gain or loss recognized in the period's results will be presented in this item immediately after the item of derivative financial instruments.

Accounts receivable will be presented, considering among others, debtor clearing accounts, debtors for collateral granted in cash, and conditional accounts receivable, net of the estimate of expected credit losses, where applicable.

Long-term assets held for sale
Assets related to discontinued operations referred to in NIF B-11 "Disposal of long-term assets and discontinued operations" will be presented within this item.

Prepayments and other assets
Prepayments and other assets such as deferred charges and other short-term and long-term assets must be presented as a single item in the statement of financial position.

Right-of-use assets for property, plant and equipment (net) These are those assets that represent the right of a lessee to use a property, plant, or equipment during the lease term, reduced by their accumulated depreciation.

Permanent investments in shares of promoted companies Permanent investments in shares of promoted companies added by the goodwill that may have been generated, as well as joint ventures, will be presented within this item.

130 DIARIO OFICIAL Thursday, September 4, 2025 Right-of-use assets for intangible assets (net) These are those assets that represent the right of a lessee to use an intangible asset during the lease term, reduced by their accumulated amortization.

Collateral sold or pledged
Collateral sold that represents the obligation to return the collateral received from the counterparty in repo operations, securities lending, derivative financial instruments, and other collateral sold or pledged, as well as those collateral delivered as security in repo operations, must be presented within this item in a disaggregated manner.

Derivative financial instruments
Financial liabilities arising from derivative financial instruments will be presented immediately after the item of collateral sold or pledged, disaggregated into derivative financial instruments for trading purposes or for hedging purposes, as appropriate.

Valuation adjustments for hedging financial liabilities In a fair value hedge of interest rate risk of a portion of a portfolio composed of financial liabilities, the adjustment to the book value of the hedged item by the gain or loss recognized in the period's results will be presented in this item, immediately after the corresponding financial liabilities.

Other payables
Among others, creditor clearing accounts, creditors for collateral received in cash, contributions payable, various creditors, and other payables, including overdrafts in checking accounts and the negative balance of the cash and cash equivalents item, which in accordance with what is established in criterion B-1 "Cash and cash equivalents" must be presented as a liability, will be part of this item.

Liabilities related to groups of assets held for sale Discontinued operations as stated in NIF B-11 will be presented within this item.

Financial instruments that qualify as liabilities Contributions for future capital increases pending formalization by their governing body, as well as those financial instruments that qualify as liabilities, in accordance with what is established in NIF C-12 "Financial instruments with liability and equity characteristics," must be included in this item.

Obligations associated with the removal of components of property, plant and equipment Obligations arising from the permanent removal of service of a component of property, plant, and equipment, in accordance with what is established in NIF C-18 "Obligations associated with the removal of property, plant, and equipment," will be included in this item.

Income tax liability
The amount corresponding to taxes incurred, as well as the amount resulting from deferred income tax liabilities, determined in accordance with what is established in NIF D-4 "Income taxes," will be presented in this item.

Defined benefits and advance payments
This item will be composed of defined benefits and advance payments, such as advance payments received for goods promised for sale or with reservation of title, among others.

Result from holding non-monetary assets
The entity will recognize in this item the unrealized result from holding non-monetary assets, in accordance with what is established in NIF B-10 "Effects of inflation."

Off-balance sheet accounts
At the bottom of the statement of financial position, situations or events that, according to the definition of assets, liabilities, and equity mentioned above, should not be included within such concepts in the statement of financial position of entities, but that provide information about any of the following events, must be presented:
a) contingent assets and liabilities in accordance with NIF C-9 "Provisions, contingencies, and commitments"; b) authorized share capital; c) issued shares; d) collateral received by the entity; e) collateral received and sold or pledged by the entity; f) amounts that complement the figures contained in the statement of financial position, and g) other accounts that the entity considers necessary to facilitate accounting records or to comply with applicable legal provisions.

Thursday, September 4, 2025 DIARIO OFICIAL 131 NAME OF INVESTMENT FUND MANAGED BY (NAME OF THE OPERATING COMPANY THAT MANAGES THE ASSETS OF THE INVESTMENT FUND) "WITH FINANCING" (WHEN APPLICABLE) ADDRESS STATEMENT OF FINANCIAL POSITION AS OF ___ OF _____________ OF _____ EXPRESSED IN CURRENCY OF PURCHASING POWER OF ________ OF _______ 1 (Thousands of pesos)

ASSETS LIABILITIES AND EQUITY

CASH AND CASH EQUIVALENTS $ REPO CREDITORS $

MARGIN ACCOUNTS (DERIVATIVE FINANCIAL
INSTRUMENTS)
" SECURITIES LENDING "

COLLATERAL SOLD OR PLEDGED
FINANCIAL INSTRUMENT INVESTMENTS $ Repos $
Negotiable financial instruments " " Securities lending " Derivative financial instruments " REPO DEBTORS " Other collateral sold or pledged " “

SECURITIES LENDING " DERIVATIVE FINANCIAL INSTRUMENTS For trading purposes " DERIVATIVE FINANCIAL INSTRUMENTS For hedging purposes " “ For trading purposes “ For hedging purposes “ “ VALUATION ADJUSTMENTS FOR HEDGING FINANCIAL LIABILITIES “

VALUATION ADJUSTMENTS FOR HEDGING
FINANCIAL ASSETS
" LEASE LIABILITY “

ACCOUNTS RECEIVABLE (NET) " OTHER PAYABLES
Creditors for operation settlement "
FORECLOSED ASSETS (NET) " Creditors for margin accounts " Creditors for collateral received in cash “ LONG-TERM ASSETS HELD FOR SALE “ Contributions payable “ Various creditors and other payables “ “

PREPAYMENTS AND OTHER ASSETS “ LIABILITIES RELATED TO GROUPS OF ASSETS HELD FOR SALE "

PROPERTY, PLANT AND EQUIPMENT (NET) " FINANCIAL INSTRUMENTS THAT QUALIFY AS LIABILITIES “ RIGHT-OF-USE ASSETS FOR PROPERTY, PLANT AND EQUIPMENT (NET) “ Contributions for future capital increases pending formalization by their governing body “ Other “ “ PERMANENT INVESTMENTS IN SHARES OF PROMOTED COMPANIES " OBLIGATIONS ASSOCIATED WITH THE REMOVAL OF COMPONENTS OF PROPERTY, PLANT AND EQUIPMENT “

DEFERRED INCOME TAX ASSETS
" INCOME TAX LIABILITY “
INTANGIBLE ASSETS (NET) " DEFINED BENEFITS AND ADVANCE PAYMENTS “ RIGHT-OF-USE ASSETS FOR INTANGIBLE ASSETS (NET) " TOTAL LIABILITIES $ GOODWILL " EQUITY

CONTRIBUTED CAPITAL
Share capital
Minimum fixed $
Variable “ “
Contributions for future capital increases formalized by their governing body

“
Share premium “
Financial instruments that qualify as equity " “

RETAINED EARNINGS
Capital reserves $
Reserve for acquisition of own shares “
Accumulated results “
Other comprehensive income “
Valuation of negotiable financial instruments “ Valuation of cash flow hedging financial instruments “ Valuation of other hedging financial instruments “ Result from holding non-monetary assets “ Participation in ORI of promoted companies “ “

TOTAL EQUITY $

TOTAL ASSETS $ TOTAL LIABILITIES AND EQUITY $
OFF-BALANCE SHEET ACCOUNTS

Contingent assets and liabilities $
Authorized share capital “
Issued shares “
Collateral received by the entity “
Collateral received and sold or pledged by the entity “ Other recording accounts “ The concepts appearing in this statement are shown in an illustrative rather than exhaustive manner. (1) This line will be omitted if the economic environment is "non-inflationary".

132 DIARIO OFICIAL Thursday, September 4, 2025 D-3 STATEMENT OF COMPREHENSIVE INCOME Background Financial information must comply, among other things, with the objective of reporting the results of an entity's operations during a defined accounting period, requiring the establishment, through specific criteria, of the object and general structure that the statement of comprehensive income must have. This is with the purpose of obtaining elements of judgment regarding, among other issues, the level of operational efficiency, profitability, and financial risk.

Objective and scope
The purpose of this criterion is to establish the general characteristics for the presentation and structure of the statement of comprehensive income, the minimum content requirements, and the general disclosure rules. Whenever this financial statement is prepared, entities must adhere to the structure and guidelines provided in this criterion, through which the presentation of this financial statement among entities is sought to be standardized, and in this way, facilitate its comparability. The statement of comprehensive income aims to present information relating to the result of the entity's operations during an accounting period.

Concepts that make up the statement of comprehensive income In a broad context, the concepts that make up the statement of comprehensive income are: revenues, costs, expenses, net income, and comprehensive income, considering such concepts as defined in NIF A-1, Chapter 50, "Basic elements of financial statements."

Structure of the statement of comprehensive income The minimum items that the statement of comprehensive income must contain in entities are the following:
total operating income; total operating expenses; income before income taxes; result from continuing operations; net income, and comprehensive income.

Presentation of the statement of comprehensive income The items described above correspond to the minimum required for the presentation of the statement of comprehensive income; however, entities must disaggregate, either in the said statement of comprehensive income or through notes to the financial statements, the content of the concepts they consider necessary in order to show their results to the user of financial information. At the end of this criterion, a statement of comprehensive income prepared with the minimum items referred to in the previous paragraph is shown.

Characteristics of the items that make up the structure of the statement of comprehensive income Income before income taxes Income before income taxes must be composed of total operating income minus total operating expenses.

Total operating income
Total operating income is composed of the following concepts:
a) result from valuation of financial instruments at fair value; b) result from sales; c) result from participation in shares of promoted companies, where applicable; d) interest income, and e) other operating income.

Result from valuation of financial instruments at fair value It will be composed of the effect from the valuation of negotiable financial instruments, derivative financial instruments for trading or hedging purposes, sold collateral, as well as currencies linked to their corporate purpose, obtained in accordance with what is established in the guidelines set forth in the corresponding criteria.

Result from sales
It corresponds to the result from the sale of financial instruments and currencies linked to their corporate purpose that entities carry out, the result from the cancellation of financial assets and liabilities arising from derivative financial instruments, including the result from the sale of said instruments, as well as the result from the sale of received collateral.

Result from participation in shares of promoted companies In the case of capital investment funds, the effect of the application of the participation method in permanent investments in shares of promoted companies and joint ventures will be incorporated.

Interest income
Among others, premiums and interest arising from financial operations, such as deposits in financial entities, margin accounts, investments in financial instruments, repo operations, and securities lending, as well as dividends from financial instruments that qualify as equity, are considered as interest income. Likewise, valuation adjustments derived from items denominated in UDIS or in some other general price index, as well as exchange gains, are considered as interest income.

Other operating income
Other operating income is considered to be the ordinary income referred to in NIF A-1 Chapter 50, "Basic elements of financial statements," and which are not included in the previous concepts, such as:

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a) tax recoveries and other recoveries; b) gain from the allocation of assets; c) gain on the sale or valuation of allocated assets; d) the effect from the reversal of impairment of other long-term assets held for sale; e) gain on the sale of properties, furniture, and equipment; f) the cancellation of other liability accounts, and g) other items of operating income.

Total of operating expenses
The total of operating expenses is considered to be those paid for the provision of services, such as those for asset administration, share distribution, share valuation, investment fund rating, provision of prices for investment assets, deposit and custody of investment assets and investment fund shares, and accounting.

Likewise, expenses for interest, other operating expenses, and administrative and promotional expenses will be considered in this category.

Interest expenses

Interest expenses are considered to be interest, transaction costs, and discounts payable for the issuance of debt, interest and yields payable in repo operations, and those arising from collateral in OTC operations, premiums payable in securities lending operations, as well as commissions paid by the entity. In addition, those premiums paid for the early redemption of financial instruments that qualify as liabilities and expenses arising from hedging operations and trading financial derivatives.

Likewise, interest expenses are considered to be valuation adjustments derived from items denominated in UDIS or in some other general price index, as well as exchange losses on positions, interest expenses on lease liabilities, and the financial effect of provisions.

Other operating expenses

Other operating expenses are considered to be the ordinary expenses referred to in NIF A-1 Chapter 50, “Basic elements of financial statements,” and that are not included in the previous concepts, such as:
a) transaction costs for the purchase and sale of negotiable financial instruments and purchase and sale of financial derivatives; b) provisions for expected credit losses; c) losses; d) interest payable in financing for the acquisition of assets; e) loss from the allocation of assets; f) loss on the sale or valuation of allocated assets; g) estimate for the loss in value of allocated assets; h) loss from the impairment of other assets; i) loss on the sale of properties, furniture, and equipment, and j) other items of operating expenses.

Administrative and promotional expenses

Administrative and promotional expenses must include all types of remuneration and benefits granted to the entity’s board of directors, fees, rents, promotional and advertising expenses, taxes and fees other than income taxes, depreciation and amortization, loss from impairment or effect from the reversal of impairment of real estate and other assets in use, among others.

Result from continuing operations

Corresponds to the gross profit (loss), incorporating the effect of income taxes incurred in the period, which is exclusive to capital investment funds, increased or decreased as appropriate, by the effects of deferred income taxes generated or realized in the period, if applicable, net of their estimate.

Net result

Corresponds to the result from continuing operations increased or decreased as appropriate, by discontinued operations referred to in NIF B-11 “Disposal of long-term assets and discontinued operations.”

Comprehensive result

Corresponds to the net result increased or decreased by the OCI of the period, net of the effects of income taxes, as well as the participation in OCI of promoted companies. The OCI of the period will be integrated by: the valuation of negotiable financial instruments, when they are non-negotiable equity instruments in the short term, the valuation of cash flow hedging financial instruments, the valuation of other hedging financial instruments, and the result from holding non-monetary assets.

Disclosure standards

The following must be disclosed in notes to the financial statements:
a) the composition of the total operating income, identifying the result from fair value valuation and, if applicable, the result from purchase and sale, according to the type of operation from which they originate (investments in financial instruments, financial derivatives and/or collateral), as well as by currency type; b) interest income distinguishing them by the type of operation from which they originate (investments in financial instruments, repos, and securities lending); c) the detail of the movements of OCI net of income taxes, corresponding to the period effect and the recycling that was carried out, if applicable, and d) the amounts of income taxes incurred and deferred, as well as those related to OCI.

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NAME OF THE INVESTMENT FUND
MANAGED BY (NAME OF THE OPERATING COMPANY THAT MANAGES THE ASSETS OF THE INVESTMENT FUND) “WITH FINANCING” (WHEN APPLICABLE) ADDRESS STATEMENT OF COMPREHENSIVE INCOME OF __________________ TO ______________ OF ____ EXPRESSED IN CURRENCY OF PURCHASING POWER OF ________ OF _______ 2 (Amounts in thousands of pesos)

Result from valuation of financial instruments at fair value $ Result from purchase and sale “ Result from participation in shares of promoted companies “ Interest income “ Other operating income “ “ TOTAL OF OPERATING INCOME $ Administrative and distribution services paid to the operating company “ Administrative and distribution services paid to other entities “ Interest expenses “ Other operating expenses “ Administrative and promotional expenses “ “ TOTAL OF OPERATING EXPENSES $ RESULT BEFORE INCOME TAXES “ Income taxes “ RESULT FROM CONTINUING OPERATIONS “ Discontinued operations “ NET RESULT “ Other comprehensive income “ Valuation of negotiable financial instruments “ Valuation of cash flow hedging financial instruments “ Valuation of other hedging financial instruments “ Result from holding non-monetary assets “ Participation in OCI of promoted companies “ “ COMPREHENSIVE RESULT $ Basic earnings per ordinary share $___________ The concepts appearing in this statement are shown in an enumerative but not exhaustive manner. (1) This line will be omitted if the economic environment is “non-inflationary.”

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“ANNEX 6
ACCOUNTING CRITERIA FOR INVESTMENT FUND OPERATING COMPANIES CONTENT Series A. Criteria relating to the general scheme of accounting for investment fund operating companies A - 1 Basic scheme of the set of accounting criteria applicable to investment fund operating companies A - 2 Application of particular standards A - 3 Application of general standards A - 4 Supplementary application to accounting criteria Series B. Criteria relating to the concepts that make up the financial statements B - 1 Cash and cash equivalents B - 2 Repealed B - 3 Repos B - 4 Custody and administration of assets B - 5 Trusts Series C. Criteria applicable to specific concepts C - 1 Repealed C - 2 Repealed Series D. Criteria relating to the basic financial statements D - 1 Portfolio valuation statement D - 2 Statement of financial position D - 3 Statement of comprehensive income D - 4 Statement of changes in equity D - 5 Statement of cash flows A-1 BASIC SCHEME OF THE SET OF ACCOUNTING CRITERIA APPLICABLE TO INVESTMENT FUND OPERATING COMPANIES Objective This criterion aims to define the basic scheme of the set of accounting guidelines applicable to investment fund operating companies (the entities).

Concepts that make up the basic structure of accounting in the entities The accounting of the entities will adhere to the structure that, for the application of Financial Reporting Standards (NIF), was defined by the Mexican Council for Financial Reporting Standards and Sustainability, A.C. (CINIF), in the NIF A Series “Conceptual Framework” or that which replaces it, as well as what is established in criterion A-4 “Supplementary application to accounting criteria.” In this way, the entities will observe the accounting guidelines of the NIF, except when in the judgment of the National Banking and Securities Commission (CNBV) it is necessary to apply specific regulations or a specific accounting criterion, taking into consideration that the entities carry out specialized operations. The CNBV regulations referred to in the previous paragraph will be at the level of recognition, valuation, presentation, and if applicable, disclosure standards, applicable to specific items within the entities' financial statements, as well as those applicable to their preparation. The application of accounting criteria, nor the concept of supplementarity, will not proceed in the case of operations that by express legislation are not permitted or are prohibited, or well, are not expressly authorized to the entities. A-2 APPLICATION OF PARTICULAR STANDARDS Objective and scope This criterion aims to specify the application regarding the particular standards of the NIF, as well as clarifications to them. The subject matter of this criterion is:
a) the application of some of the particular standards made known in the NIF, and b) the clarifications to the particular standards contained in the NIF.

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Financial Reporting Standards
In accordance with what is established in criterion A-1 “Basic scheme of the set of accounting criteria applicable to investment fund operating companies,” the entities will observe, until there is an express pronouncement by the CNBV, the particular standards contained in the bulletins or NIF detailed below, or in the NIF that replace or modify them:

NIF B Series “Standards applicable to financial statements as a whole” Accounting changes and corrections of errors ................................................................................................... B-1 Business combinations ......................................................................................................................................... B-7 Consolidated or combined financial statements .............................................................................................. B-8 Interim financial information .............................................................................................................................. B-9 Effects of inflation .............................................................................................................................................. B-10 Disposal of long-term assets and discontinued operations ................................................................................ B-11 Offsetting financial assets and financial liabilities ........................................................................................... B-12 Events after the reporting date ......................................................................................................................... B-13 Earnings per share ............................................................................................................................................ B-14 Foreign currency translation ........................................................................................................................... B-15 Fair value measurement .................................................................................................................................... B-17

NIF C Series “Standards applicable to specific concepts of financial statements” Investment in financial instruments ................................................................................................................ C-2 Accounts receivable ............................................................................................................................................ C-3 Prepayments ...................................................................................................................................................... C-5 Property, plant and equipment ......................................................................................................................... C-6 Investments in associates, joint ventures and other permanent investments ............................................. C-7 Intangible assets ............................................................................................................................................. C-8 Provisions, contingencies and commitments ................................................................................................... C-9 Equity ............................................................................................................................................................... C-11 Financial instruments with characteristics of liability and equity ................................................................... C-12 Related parties ............................................................................................................................................... C-13 Transfer and derecognition of financial assets ............................................................................................... C-14 Impairment of long-term assets ..................................................................................................................... C-15 Impairment of receivable financial instruments ............................................................................................ C-16 Obligations associated with the removal of property, plant and equipment ............................................... C-18 Financial instruments payable ...................................................................................................................... C-19 Financial instruments to collect principal and interest ................................................................................. C-20 Joint control agreements ............................................................................................................................... C-21

NIF D Series “Standards applicable to result determination problems” Revenue from contracts with customers ........................................................................................................ D-1 Costs from contracts with customers .............................................................................................................. D-2 Employee benefits ........................................................................................................................................... D-3 Income taxes .................................................................................................................................................... D-4 Leases ............................................................................................................................................................... D-5 Capitalization of comprehensive financing result ............................................................................................ D-6 Share-based payments .................................................................................................................................... D-8

Likewise, the glossary of terms of the NIF will be applicable, regarding the NIF detailed in this paragraph.
Additionally, the entities will observe the NIF issued by CINIF on topics not foreseen in the accounting criteria for investment fund operating companies, provided that:
a) they are in force; b) they are not applied in advance to their validity; c) they do not contravene the philosophy and general concepts established in the accounting criteria for investment fund operating companies, and d) there is no express pronouncement by the CNBV.

Clarifications to the particular standards contained in the NIF Taking into consideration that the entities carry out specialized operations, it is necessary to establish clarifications that adapt the particular standards of recognition, valuation, presentation, and if applicable, disclosure, established by CINIF. In virtue of this, the entities, while observing what is established in the previous paragraphs, must adhere to the following:

B-9 Interim financial information
The provisions of NIF B-9 must be applied to the financial information issued at interim dates, including the quarterly information that must be published in accordance with the General Provisions applicable to investment funds and persons providing services to them (Provisions) published by the CNBV, regarding the financial information of investment fund operating companies.

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For the purposes of disclosing the information issued at interim dates, the entities must observe the provisions regarding the disclosure of financial information contained in criterion A-3 “Application of general standards.”

B-10 Effects of inflation
Determination of the monetary position
In the case of an inflationary environment based on what is stated by NIF B-10, the entities must disclose the initial balance of the main monetary assets and liabilities that were used for the determination of the monetary position of the period, differentiating, if applicable, those that affect those that do not affect the comprehensive financing margin.

Price index
The entities must use the value of the Investment Unit (UDI) as the price index.

Result from monetary position
The result from monetary position (REPOMO) that has not been capitalized in terms of what is established in NIF B-10, must be presented in the statement of comprehensive income in a specific item within the comprehensive financing margin when it originates from items of comprehensive financing margin, otherwise it will be presented within the item of other operating income (expenses).

B-11 Disposal of long-term assets and discontinued operations The entities must disclose the breakdown of the net amount generated by discontinued operations required by NIF B-11, as well as the amount of income from continuing operations and from discontinued operations attributable to the controlling interest instead of presenting this information in the statement of comprehensive income.

B-15 Foreign currency translation
In foreign currency transactions carried out by the entity referred to in NIF B-15, the exchange rate to be used to establish the equivalence of the national currency with the United States dollar will be the closing exchange rate of the day on the date of the transaction or preparation of the financial statements, as appropriate, published by the Bank of Mexico on its website www.banxico.org.mx or that which replaces it. In the case of currencies other than the United States dollar, they must convert the respective currency to United States dollars. To carry out this conversion, they will consider the quotation that governs the corresponding currency in relation to the aforementioned dollar in international markets, as established by the Bank of Mexico in the applicable regulation. Likewise, the amount of transactions denominated in foreign currency by the most relevant currencies for the entity must be disclosed in notes to the financial statements, as well as the exchange rate used and its equivalent in national currency, in accordance with what is stated in the two previous paragraphs.

B-17 Fair Value Measurement
In the determination of the fair value of liabilities, the guidelines established in paragraphs 46.1.1 to 46.1.3 of NIF B-17 will not be applicable.

C-2 Investment in financial instruments
The exception to irrevocably designate, upon initial recognition, a financial instrument to collect and sell, to be subsequently valued at its fair value with effects in the net result referred to in paragraph 32.6 of NIF C-2, will not be applicable to the entities.

Reclassifications
Entities that carry out reclassifications of their investments in financial instruments under section 44 of NIF C-2, must inform this fact in writing to the CNBV within the 10 business days following the authorization issued for such purposes by the entity’s Risk Committee, exposing in detail the change in the business model that justifies it.

C-3 Accounts receivable
Scope
NIF C-3 “Accounts receivable” (NIF C-3) will only be applicable to the “other accounts receivable” referred to in paragraph 20.1 of said NIF.
For the purposes of NIF C-3, accounts receivable derived from the operations referred to in criterion B-3 “Repos,” issued by the CNBV, must not be included. The above, since the recognition, valuation, presentation, and disclosure standards applicable are contemplated in the cited criterion.

C-7 Investments in associates, joint ventures and other permanent investments The investments in shares related to the fixed minimum capital that investment fund operating companies maintain with respect to the investment funds they manage, are considered permanent investments with significant influence.

C-13 Related parties
For the purposes of complying with the disclosure standards contained in NIF C-13, the entities must additionally consider as a related party:
a) the members of the board of directors of the entity, the controlling company, or the financial entities and companies that are part of the financial group to which, if applicable, it belongs;

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b) persons other than key management personnel or relevant executives or employees, whose signature can generate obligations for the entity; c) legal entities in which key management personnel or relevant executives of the entity are board members or administrators or occupy any of the first three hierarchical levels in said legal entities, and d) legal entities in which any of the persons mentioned in the preceding subsections, as well as in NIF C-13, have command power understood as the factual capacity to decisively influence agreements adopted in shareholders' meetings or board of directors' sessions or in the management, direction, and execution of the business of the entity in question or of the legal entities it controls.

In addition to the disclosures required by NIF C-13, entities must disclose in aggregate, through notes to the financial statements, regarding related-party transactions that may be carried out, the following information:
a) a generic description of the transactions, such as:
loans received; transactions with financial instruments where the issuer and the holder are related parties; repurchase agreements; provision and receipt of services, such as: administration of investment fund assets, distribution of investment fund shares, among others; guarantees received; settlement or substitution of liabilities on behalf of the entity or by the entity on behalf of another related party; share-based payments, and those carried out through any person, trust, entity, or other legal figure, when the counterparty and source of payment for such transactions depend on a related party. b) any other information necessary for the understanding of the transaction, and c) the total amount of employee benefits granted to key management personnel or relevant executives of the entity.

Disclosure of related-party transactions is only required if they represent more than 5% of the equity capital of the month prior to the date of preparation of the corresponding financial information.

C-14 Transfer and derecognition of financial assets

With respect to collateral received referred to in paragraph 44.7 of NIF C-14, the recipient must recognize the received collateral in off-balance sheet accounts. In cases where the recipient has the right to sell or pledge the collateral, the transferor must reclassify the asset, presenting it as restricted.

Recognition of financial assets

When the transfer results in the derecognition of the financial asset by the transferor, the recipient entity must recognize a financial asset (or portion thereof) or a group of financial assets (or portion of said group) in its statement of financial position, if and only if, it acquires the rights and contractual obligations related to said financial asset (or portion thereof). To do so, the entity must:
a) recognize the received financial assets at their fair value, which presumably corresponds to the price agreed upon in the transfer transaction. Subsequently, such assets must be valued according to the corresponding criterion in accordance with their nature; b) recognize the new rights obtained or new obligations incurred as a result of the transfer, valued at their fair value; c) derecognize the consideration granted in the transaction at its net book value (for example, considering any associated estimate), and recognizing in the results of the period any unamortized item related to such consideration; d) recognize in the results of the period any difference, if any, arising from the transfer transaction.

C-16 Impairment of financial assets receivable

Estimation of expected credit losses

For accounts receivable, entities must create, if applicable, an estimate that reflects their degree of uncollectibility. Such estimate must be obtained by applying what is set forth in section 42 of NIF C-16.

With respect to immediate collection documents not collected referred to in criterion B-1 “Cash and cash equivalents”, at 15 calendar days following the date on which they were transferred to the account that gave rise to them, these shall be classified as overdue debts and an estimate must be simultaneously established for their total amount.

When the entity uses the practical solutions referred to in paragraph 42.6 of NIF C-16, the establishment of estimates must be for the total amount of the debt and must not exceed the following timeframes:
a) at 60 calendar days following their initial registration, when they correspond to unidentified debtors, and b) at 90 calendar days following their initial registration, when they correspond to identified debtors.

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An estimate of expected credit losses shall not be established for:
a) tax balances in favor, and b) creditable value-added tax.

C-19 Financial liabilities

Scope

For the purposes of NIF C-19, liabilities related to the transactions referred to in criterion B-3 are not included, as these are contemplated in said criterion.

Bank loans and loans from other organizations

Entities must disclose in notes to the financial statements the total amount of bank loans, as well as those from other organizations, indicating the type of currency, as well as the maturity terms, guarantees, and average weighted rates to which they are subject, if applicable.

In the case of credit lines received by the entity in which not the entire authorized amount is utilized, the unused portion of them shall not be presented in the statement of financial position. However, entities must disclose through notes to the financial statements the unused amount, in accordance with what is established in criterion A-3, regarding the disclosure of financial information.

Initial recognition of a financial liability

What is established in paragraph 41.1.1 item 4 of NIF C-19 regarding using the market rate as the effective interest rate in the valuation of a financial liability when both rates are substantially different shall not be applicable.

Financial liabilities measured at fair value

The exception for entities to irrevocably designate at initial recognition a financial liability to be subsequently measured at fair value with effect in net income, referred to in section 42.2 of NIF C-19, shall not be applicable to entities.

C-20 Financial assets to collect principal and interest

Initial recognition of a financial asset to collect principal and interest

What is established in paragraph 41.1.1 item 4 of NIF C-20 regarding using the market rate as the effective interest rate in the valuation of the financial asset to collect principal and interest when both rates are substantially different shall not be applicable.

Fair value option

The exception for entities to irrevocably designate at initial recognition a financial asset to collect principal and interest, to be subsequently measured at fair value with effect in net income, referred to in paragraph 41.3.4 of NIF C-20, shall not be applicable to entities.

Loans to officials and employees

Interest arising from loans to officials and employees shall be presented in the statement of comprehensive income under the item of other operating income (expenses).

D-3 Employee benefits

Notes to the financial statements must disclose the identification of obligations for employee benefits in: short-term direct benefits, long-term direct benefits, termination benefits, and post-employment benefits.

D-4 Income taxes

With respect to the disclosure required in NIF D-4 regarding the concepts of temporary differences, additionally, those differences related to the comprehensive financing margin and with the main operations of the entities must be disclosed.

D-5 Leases

Finance leases

For the purposes of the requirements established in paragraph 42.1.4 item c) and item d) of NIF D-5, it will be understood that the lease term covers most of the economic life of the underlying asset if such lease covers at least 75% of its useful life. Likewise, the present value of lease payments is substantially all of the fair value of the underlying asset if such present value constitutes at least 90% of said fair value.

A-3 APPLICATION OF GENERAL STANDARDS

Objective and scope

The purpose of this criterion is to specify the establishment of general application standards that entities must observe.

Restricted assets

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For this type of assets, this fact and their balance by type of transaction must be disclosed in a note to the financial statements.

Assets promised for sale or with retention of title

In cases where a promise of purchase or sale contract with retention of title is entered into, the asset must be recognized as restricted, according to the type of asset in question, at the same book value it had on the date of signing said contract, even if a higher price was agreed. Said asset will follow the same valuation, presentation, and disclosure standards, in accordance with the accounting criteria corresponding to it.

Payments received on account of the asset shall be recorded in liabilities as an advance payment. 6

On the date the asset promised for sale or subject to purchase and sale with retention of title is disposed of, the profit or loss generated must be recognized in the results of the period as other operating income (expenses).

In the event that the contract is rescinded, the asset will cease to be recognized as restricted and those advance payments over which the entity can dispose or must settle in accordance with the conditions of the contract, shall be recognized in the results of the period as other operating income (expenses), or as other accounts payable, as appropriate.

Commissions

The amount of commissions charged or paid by entities, linked to the provision of services to investment funds, shall be recognized in the results of the period in accordance with what is established in NIF D-1 “Revenue from Contracts with Customers” or NIF D-2 “Costs from Contracts with Customers”, as appropriate.

Settlement accounts

Regarding the active and passive transactions carried out by entities, for example, in matters of investments in financial instruments and repurchase agreements, once these reach maturity and while the corresponding settlement is not received or delivered, as agreed in the respective contract, the amount of the overdue transactions receivable or payable must be recorded in settlement accounts (debtors or creditors for settlement of transactions).

Likewise, for transactions where immediate settlement or same-day value date is not agreed, including foreign exchange sales linked to their corporate purpose, on the trade date, the amount receivable or payable must be recorded in settlement accounts, until their settlement is effected. The estimate of expected credit losses corresponding to the aforementioned receivable amounts must be determined in accordance with what is established in NIF C-16 “Impairment of financial assets receivable”.

For the purposes of financial statement presentation, settlement accounts shall be presented under the item of other accounts receivable (net) or other accounts payable, as appropriate. The balance of debtor and creditor settlement accounts may be offset in terms of what is established by the offsetting rules provided in NIF B-12 “Offsetting of financial assets and financial liabilities”.

With respect to the transactions referred to in paragraph 11, the receivable or payable balance must be disclosed, for each type of transaction from which they originate (foreign exchange linked to their corporate purpose, investments in financial instruments, repurchase agreements, etc.), specifying that these are transactions agreed upon with pending settlement.

Various estimates and provisions

Estimates or provisions with undefined and/or unquantifiable purposes shall not be created, increased, or decreased against the results of the period. In any case, entities must comply with the regulation that the CNBV establishes regarding the determination of estimates or provisions.

Accrued interest

Accrued interest for the different asset or liability items must be presented in the statement of financial position together with their corresponding principal.

Recognition or cancellation of assets and/or liabilities

The recognition or cancellation in the financial statements of assets and/or liabilities, including those arising from foreign exchange sales linked to their corporate purpose, investments in financial instruments, and repurchase agreements, shall be carried out on the date they economically affect the entity, regardless of the date on which they are carried out.

Disclosure of financial information

With regard to the disclosure of financial information, what is established in NIF A-1 “Conceptual Framework of Financial Reporting Standards” (NIF A-1), Chapter 80 “Presentation and disclosure”, regarding the responsibility for providing information on the economic entity resting with its administration, must be taken into account. Such information must meet certain fundamental qualitative characteristics and enhancement characteristics, such as relevance, faithful representation, comparability, verifiability, timeliness, and understandability based on what is provided in NIF A-1, Chapter 40 “Qualitative characteristics of financial statements”.

Entities in compliance with the disclosure standards provided in these accounting criteria must consider materiality in terms of NIF A-1, Chapter 40 “Qualitative characteristics of financial statements”, that is, they must show the most important aspects of the entity recognized accounting-wise as indicated by that characteristic associated with relevance.

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The foregoing implies, among other elements, that materiality requires the exercise of professional judgment regarding the circumstances that determine the facts reflected in the financial information. In the same sense, an appropriate balance must be obtained between the qualitative characteristics of financial information in order to fulfill the objective of financial statements, for which an optimal point must be sought rather than the achievement of maximum levels of all qualitative characteristics.

However, with respect to materiality, it shall not be applicable to the information:
a) required by the CNBV through general provisions issued for that purpose, other than those contained in these criteria; b) additional specific required by the CNBV, related to its supervisory activities, and c) required through the issuance or authorization, if applicable, of special accounting criteria or records.

Disclosures related to the determination of fair value

Entities regarding the Current Price for Valuation provided by the price provider in the determination of fair value, in addition to what is stated in the accounting criteria or the corresponding NIFs, must disclose, at a minimum, the following:
a) the level of the hierarchy of the current price for valuation (or fair value hierarchy) within which the determinations of fair value are classified, in accordance with the following:
i. Level 1, highest level, corresponding to prices obtained exclusively with Level 1 input data.
ii. Level 2, prices obtained with Level 2 input data.
iii. Level 3, lowest level, for those prices obtained with Level 3 input data.
b) in case there is any change in the valuation model, that change and the reasons for making it must be disclosed; c) when there are changes from one period to another in the classification of the hierarchy of the current price for valuation with respect to the same value or financial instrument:
i. the amounts of transfers between Level 1 and Level 2 of the hierarchy of the current price for valuation;
ii. the amounts of transfers to or from Level 3 of the hierarchy of the current price for valuation;
d) for those current prices for valuation classified in Level 3, a reconciliation of opening balances with closing balances must be performed, disclosing separately the changes during the period attributable to total period gains or losses recognized in net income and those recognized in other comprehensive income (OCI); e) when there is a significant decrease in the volume or level of activity related to the normal market activity for a certain value or financial instrument, or in the presence of disordered conditions, the adjustments, if any, applied to the current price for valuation must be explained; f) the name of the price provider, if applicable, that provided the current price for valuation.

Quantitative information must be disclosed in tabular format, unless another format is more appropriate.

Valuation of the UDI

The value announced by the Bank of Mexico in the Official Gazette of the Federation, applicable on the date of valuation, must be used.

A-4 SUPPLEMENTARY APPLICATION OF ACCOUNTING CRITERIA

Objective and scope

The purpose of this criterion is to specify the application of the standards contained in NIF A-1, Chapter 90 “Supplementarity” (NIF A-1, Chapter 90) issued by CINIF, considering that, in applying it, financial information is being prepared and presented in accordance with the accounting criteria for investment fund operating companies.

Definition

For the purposes of the accounting criteria for investment fund operating companies, the supplementarity process applies when, in the absence of specific accounting standards issued by the CNBV in particular, and by CINIF in general, these are covered by a formal and recognized set of standards.

Concept of supplementarity and basic standard

In the absence of a specific accounting criterion of the CNBV for the entities and, secondarily, for credit institutions, or in a broader context, of the NIFs, the bases for supplementarity provided in NIF A-1, Chapter 90, mentioned above, shall be applied, together with what is provided in the provisions of this criterion.

Other supplementary regulation

Only in the event that the International Financial Reporting Standards (IFRS) referred to in NIF A-1, Chapter 90, do not provide a solution to the accounting recognition, an alternative supplementary standard belonging to any other regulatory scheme may be chosen, provided it meets all the requirements indicated in the aforementioned NIF A-1, Chapter 90, for a supplementary standard, as well as those provided in paragraph 6 of this criterion, and supplementarity must be applied in the following order:

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a) the Generally Accepted Accounting Principles (GAAP) definitive, applicable in the United States of America, and b) any accounting standard that forms part of a formal and recognized set of standards. For the purposes of the preceding paragraph, it is considered that the GAAP applicable in the United States of America include both authoritative and non-authoritative sources, as established in Topic 105 of the Accounting Standards Codification (ASC), (Codification) of the Financial Accounting Standards Board (FASB), in the following order:
a) authoritative sources: the Codification, rules or interpretations of the Securities and Exchange Commission (SEC), Staff Accounting Bulletins, and SEC positions regarding the Consensus of the FASB Emerging Issues Task Force (EITF), and b) non-authoritative sources: widely recognized and preponderant practices, whether generalized or in a specific industry, FASB Concepts Statements, documents of the American Institute of Certified Public Accountants (AICPA, Issues Papers), pronouncements of professional associations or regulatory agencies, and questions and answers of the Technical Information Service included in AICPA Technical Practice Aids.

Requirements of a supplementary standard and rules of supplementation In addition to what is established in the aforementioned NIF A-1, Chapter 90, the standards that apply supplementarily must comply with the following:
a) they cannot be applied in advance; b) they must not contravene the philosophy and general concepts established in the accounting criteria applicable to investment fund operating companies; c) the supplementation process, if any, provided within each of the standards used supplementarily will not be applicable, except when such supplementation complies with the preceding items and has the authorization of this CNBV, and d) the standards that have been applied in the supplementation process will be replaced when a specific accounting criterion is issued by the CNBV or an NIF on the subject to which said process was applied.

Disclosure standards
Entities that follow the supplementary process set forth in this criterion must communicate in writing to the CNBV vice-presidency responsible for their supervision within 10 calendar days following their application, the accounting standard that was adopted supplementarily, as well as its basis of application and the source used. Additionally, entities must disclose through notes to the financial statements, the information requested in the aforementioned NIF A-1, Chapter 90, and the quantification of their impacts on the financial statements.

B-1 CASH AND CASH EQUIVALENTS
Objective and scope
This criterion aims to define the particular standards relative to the recognition, valuation, presentation, and disclosure in the financial statements of the items that make up the cash and cash equivalents line in the statement of financial position of entities.

Definitions
Cash.- It is the legal tender and foreign currency in cash and in deposits at financial entities made in the country or abroad available for the entity's operation; such as, availability in checking accounts. Cash Equivalents.- They are short-term, highly liquid values, easily convertible to cash that are subject to insignificant risks of changes in their value and are held to meet short-term commitments rather than for investment purposes; they may be denominated in national or foreign currency; for example, the purchase of currencies linked to their social object that according to applicable regulation are not considered financial derivative instruments, immediate collection documents, and highly liquid financial instruments. Highly liquid financial instruments.- They are values whose disposal is foreseen within a maximum of 48 hours from their acquisition, generate returns, and have insignificant risks of changes in their value. Deposits at financial entities represented or invested in securities that do not meet the assumptions provided in the two preceding paragraphs will be subject to NIF C-2 “Investment in financial instruments”.

Recognition standards
Cash must be initially recognized at its fair value, which is its nominal value. 6 All cash equivalents, upon initial recognition, must be valued at their fair value. 7 The returns generated by cash and cash equivalents will be recognized in the results of the period as they accrue.

Thursday, September 4, 2025 DIARIO OFICIAL 143 The “firm” immediate collection documents will be recognized according to the following:
a) in the case of transactions with entities in the country, they must not contain uncollected items after 2 business days from the operation that gave rise to them, nor those that having been deposited in banks have been subject to return; b) when they correspond to transactions with entities abroad, they must be recorded in cash and cash equivalents only if they are collectible within a maximum period of 5 business days. When the documents indicated in the preceding paragraph have not been collected within the aforementioned periods (2 or 5 days, as applicable), the amount of these will be transferred to the item that gave rise to them, that is, if they come from various debtors, the provisions of NIF C-3 “Accounts receivable” or NIF C-20 “Financial instruments to collect principal and interest” must be followed. The “subject to collection” immediate collection documents, of operations carried out with entities in the country or abroad, will be recorded in off-balance sheet accounts in the other registration accounts line. Currencies acquired linked to their social object that are agreed to be settled on a date subsequent to the negotiation of the purchase-sale operation will be recognized on said negotiation date as restricted cash and cash equivalents, (currencies to be received), while, the sold currencies will be recorded as an outflow of cash and cash equivalents (currencies to be delivered). The counterparty must be a clearing, creditor, or debtor account, as applicable, in accordance with what is established in criterion A-3 “Application of general standards”.

Valuation standards
Cash must be maintained valued at its nominal value, while cash equivalents must be valued at their fair value.
Highly liquid financial instruments must be valued based on what is established in the standards on financial instruments, according to the business model corresponding to each type of instrument.

Presentation standards
Statement of financial position
The cash and cash equivalents line must be shown in the statement of financial position of entities as the first item that makes up the asset, including restricted cash and cash equivalents. In case of an overdraft in checking accounts reported in the account statement issued by the corresponding credit institution, the amount of the overdraft must be presented in the other accounts payable line, even if other checking accounts with the same credit institution are maintained. Likewise, if the compensated balance of currencies to be received with currencies to be delivered or any concept that makes up the cash and cash equivalents line, were to show a negative balance, said concept must be presented in the other accounts payable line. Statement of comprehensive income The returns generated by deposits at financial entities, as well as the valuation effects of those constituted in foreign currency, will be presented in the statement of comprehensive income, as an interest income or expense, which, together with the valuation and purchase-sale results of currencies linked to their social object, will be grouped in the comprehensive financing margin line, to which criterion D-3 “Statement of comprehensive income” refers.

Disclosure standards
The cash and cash equivalents line will be broken down through notes to the financial statements including, as applicable, cash, deposits at financial entities made in the country and abroad, and finally, other cash equivalents. Likewise, the following rules must be observed, as applicable:
a) when any item within the line has a restriction regarding availability or purpose to which it is destined, its amount, the reasons for its restriction, and the probable date on which it will expire must be disclosed; b) in case the cash and cash equivalents balance is presented in the liability, in terms of what is stated in paragraph 16, this fact and the causes that gave rise to it must be disclosed; c) the existence of cash and cash equivalents denominated in foreign currency must be disclosed, indicating its amount, type of currency involved, settlement term, quotations used for its conversion, and its equivalent in national currency; d) disclose the effect of subsequent events that, due to their importance, have substantially modified the valuation of cash and cash equivalents in foreign currency and in highly liquid financial instruments, between the date of the financial statements and the date on which they are authorized for issuance, in accordance with NIF B-13 “Subsequent events after the date of the financial statements”.

B-3 REPO OPERATIONS
Objective and scope
This criterion aims to define the particular standards relative to the recognition, valuation, presentation, and disclosure in the financial statements, of repo operations. Repo operations that, as applicable, entities carry out on behalf of third parties, are contemplated in criterion B-4 “Custody and administration of assets”. The treatment of operations that, in accordance with what is established in NIF C-14 “Transfer and derecognition of financial assets”, meet the requirements to derecognize the financial assets subject to the same, in virtue that the risks, benefits, and control of said financial assets are transferred, is not the object of this criterion, therefore, what is established in NIF C-2 “Investment in financial instruments” must be attended to.

144 DIARIO OFICIAL Thursday, September 4, 2025 Definitions Financial asset.- A right arising from a contract, which grants monetary economic resources to the entity. Therefore, it includes, among others:
a) cash or cash equivalents; b) financial instruments generated by a contract, such as an investment in a debt or equity instrument issued by a third party; c) a contractual right to receive cash or any financial instrument from another entity; d) a contractual right to exchange financial assets or financial liabilities with a third party on favorable conditions for the entity, or e) a right that will be collected with a variable number of equity instruments issued by the entity itself. Substantially similar financial assets.- Those financial assets that, among others, maintain the same primary obligor, identical form and type (which generates substantially the same risks and benefits), same maturity date, identical contractual interest rate, similar collateral, same outstanding balance. Derecognition of financial assets.- It is the total or partial elimination of a financial asset, previously recognized in the statement of financial position of an entity, which takes place when that item no longer meets the definition of an asset, that is, when the entity loses control of it. Collateral.- It is the safeguard constituted by an asset or group of assets to guarantee the payment of agreed counterpayments. For the purposes of repo operations, the collateral will at all times be those permitted in accordance with current regulation. Counterpayments.- Cash and cash equivalents, the right to receive all or specific portions of cash flows from a trust, entity, or other figure, equity financial instruments, or any other type of asset obtained in a transfer of financial assets, including any obligation incurred. For the purposes of repo operations, the counterpayments will at all times be those permitted in accordance with current regulation. Amortized cost.- It is a historical cost valuation basis applicable to financial assets and financial liabilities that reflects the present value of future flows. For variable rate instruments, the discount rate is updated to reflect changes in it. The amortized cost of a financial asset or financial liability is updated over time to describe subsequent changes, such as the accrual of interest, impairment of the financial asset, and collections and payments. Equity financial instruments.- Any document or title originating from a contract, which evidences the participation or the option to participate in the net assets of an entity. Effective interest method.- It is the one used in the calculation of the amortized cost of a financial instrument to distribute its effective interest income or expense in the corresponding periods of the life of the financial instrument. Cash-oriented repo operations.- Transaction motivated by the need of the repo party to obtain cash financing and the intention of the repo provider to invest its excess cash. Value-oriented repo operations.- Transaction motivated by the need of the repo provider to temporarily access certain specific financial instruments and the intention of the repo
party to increase the returns on its investments in financial instruments. Fixed price at maturity.- It is that right or obligation, as the case may be, represented by the agreed price plus the repo interest, agreed in the operation. Agreed price.- It represents the right or obligation to receive or deliver resources, agreed at the beginning of the operation. Repo party (reportada).- That entity that receives cash, through a repo operation in which it transfers financial assets as collateral, with the obligation to reintegrate to the repo provider at the end of the operation the cash and agreed repo interest. Repo provider (reportadora).- That entity that delivers cash, through a repo operation, in which it receives financial assets as collateral, with the obligation to return them to the repo party at the end of the operation and receiving the cash plus the agreed repo interest. Repo.- Operation by means of which the repo provider acquires for a sum of money the ownership of credit titles, and obligates itself to transfer to the repo party the ownership of as many titles of the same species, in the agreed term and against reimbursement of the same price plus a premium. The premium remains for the benefit of the repo provider, unless otherwise agreed. Effective interest rate.- It is the rate that exactly discounts the estimated future cash flows that will be collected or settled during the expected life of a financial instrument in the determination of its amortized cost; its calculation must consider the contractual cash flows and the relative transaction costs. Repo rate.- It is the agreed rate with which the payment of interest for the use of cash in the repo operation is determined. Fair value.- It is the exit price that, at the valuation date, would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants.

Thursday, September 4, 2025 DIARIO OFICIAL 145 Characteristics Economic and legal substance of repo operations Repo operations for legal purposes are considered as a sale, where an agreement to repurchase the transferred financial assets is established. Nevertheless, the economic substance of repo operations is that of a collateralized financing, where the repo provider delivers cash as financing, in exchange for obtaining financial assets that serve as protection in case of default. In this regard, the financial assets granted as collateral by the repo party, that do not meet the requirements to be derecognized in terms of what is established by NIF C-14, continue to be recognized in their statement of financial position, since they retain the risks, benefits, and control of them; that is, if there were any change in the fair value, accrual of interest, or dividends were declared on the financial assets granted as collateral, the repo party is the one exposed, and therefore recognizes, said effects in its financial statements. In contrast, those operations where economically the repo provider acquires the risks, benefits, and control of the transferred financial assets cannot be considered as repo operations being subject to NIF C-2.

Intentionality of repo operations
In repo operations there generally exist two types of intentions, either of the repo party or the repo provider: the “cash-oriented” or the “value-oriented”. In a “cash-oriented” repo, the intention of the repo party entity is to obtain cash financing, using financial assets as collateral for this purpose; on the other hand, the repo provider obtains a return on its investment at a certain rate and, not seeking any specific value, receives financial assets as collateral to mitigate the credit risk exposure it faces regarding the repo party. In this sense, the repo party pays the repo provider interest on the cash received as financing, calculated based on the agreed repo rate (which is usually lower than the rate existing in the market for financing without collateral in place). On the other hand, the repo provider achieves returns on its investment whose payment is ensured through the collateral. In a “value-oriented” repo, the intention of the repo provider is to temporarily access certain specific values possessed by the repo party (for example, if the repo provider through a previous repo operation in which it acts as the repo party, contracted a commitment on a value similar to the object of the new operation), providing cash as collateral, which serves to mitigate the exposure to risk that the repo party faces regarding the repo provider. In this regard, the repo party pays the repo provider the agreed interest at the repo rate for the implicit financing obtained on the cash it received, where said repo rate is generally lower than what would have been agreed in a “cash-oriented” repo. In repo operations, an agreed price is usually agreed whose value is above or below the cash exchanged, so the difference existing between the cash exchanged and the agreed price aims to protect the counterparty that is exposed to the risks of the operation (for example, against market risk). If the operation is “cash-oriented”, the repo party generally grants financial assets as guarantee at an agreed price lower than the market value, so its fair value is higher with respect to the cash received; in contrast, if it is “value-oriented” the repo provider will generally receive titles as guarantee at an agreed price higher than the market value, so its fair value is below the cash granted. The delivery of collateral can occur at the beginning of the operation or during the life of the repo regarding variations in the fair value of the granted collateral. Considering all the above, nevertheless, the economic intention, the accounting treatment of “cash-oriented” or “value-oriented” repo operations is the same.

Recognition and valuation standards
Repo provider
On the date of contracting the repo operation, acting as the repo provider, the entity must recognize the outflow of cash and cash equivalents or a creditor clearing account, registering a receivable account initially measured at the agreed price, which represents the right to recover the cash delivered. During the life of the repo, the receivable account referred to in the preceding paragraph will be valued at its amortized cost, through the recognition of repo interest in the results of the period as it accrues, in accordance with the effective interest method, affecting said receivable account. The financial assets that the repo provider has received as collateral must be treated in accordance with what is established in the following section. Collateral granted and received other than cash The collateral granted by the repo party to the repo provider (other than cash), must be recognized according to the following:
a) the repo provider will recognize the received collateral in off-balance sheet accounts, following for its valuation the standards relative to custody operations of criterion B-4; b) the repo provider, upon selling the collateral, must recognize the resources resulting from the transaction, as well as a payable account for the obligation to return the collateral to the repo party (initially measured at the agreed price) which will be valued at its fair value (any differential between the price received and the value of the payable account will be recognized in the results of the period);

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c) if the reported party fails to meet the conditions established in the contract, and therefore cannot claim the collateral, the reporting entity must recognize the entry of the collateral in its statement of financial position, as established in these criteria, according to the type of asset involved, against the receivable account referred to in paragraph 33, or in case it had previously sold the collateral, it must write off the payable account referred to in item b), relative to the obligation to return the collateral to the reported party; d) the reporting entity must recognize the collateral only in off-balance-sheet accounts, except as established in the preceding item c), that is, when risks, benefits, and control of the collateral have been transferred by the reported party due to default; e) the off-balance-sheet accounts recognized for collateral received by the reporting entity must be cancelled when the repurchase operation reaches maturity or there is default by the reported party. In operations where the reporting entity sells the received collateral, it must keep control of said sold collateral in off-balance-sheet accounts, following for its valuation the rules relative to custody operations of criterion B-4.

Off-balance-sheet accounts recognized for collateral received that have in turn been sold by the reporting entity must be cancelled when the entity acquires the sold collateral to return it to the reported party or when counterparty default occurs.

Presentation Rules
Statement of Financial Position

The receivable account representing the right to receive cash, as well as accrued interest, shall be presented within the statement of financial position, under the heading of debtors for repurchase agreements.

Collateral received from the reported party shall be presented in off-balance-sheet accounts under the heading of collateral received by the entity.

The payable account referred to in item b) of paragraph 36, which represents the reporting entity's obligation to return to the reported party any collateral that was sold, shall be presented within the statement of financial position, under the heading of sold collateral.

The off-balance-sheet accounts referred to in paragraph 38, regarding those collateral received by the reporting entity that have in turn been sold, shall be presented under the heading of collateral received and sold by the entity.

Statement of Comprehensive Income

The accrual of interest on repurchase derived from the operation shall be presented under the heading of interest income.

The differential referred to in item b) of paragraph 36, which may have been generated by the sale of the collateral, shall be presented under the heading of gain/loss on sale.

The fair value measurement of the payable account referred to in item b) of paragraph 36, which represents the reporting entity's obligation to return to the reported party any collateral that was sold, shall be presented under the heading of gain/loss on fair value measurement.

Offsetting of Financial Assets and Liabilities

For purposes of offsetting between financial assets and liabilities acting as a reporting entity, the provisions of NIF B-12 "Offsetting of financial assets and financial liabilities" shall be observed.

Disclosure Rules

Entities must disclose through notes to the financial statements the following information corresponding to repurchase operations:
a) total amount of operations concluded; b) amount of interest on repurchase recognized in the results of the period; c) average terms in the contracting of active repurchase operations; d) total amount by type of asset of received collateral; e) of received and subsequently sold collateral, the total amount by type of asset, and f) the rate agreed upon in relevant operations.

B-4 CUSTODY AND ADMINISTRATION OF ASSETS
Objective and Scope

This criterion aims to define the particular rules relative to the recognition, valuation, presentation, and disclosure in the financial statements of custody and administration of assets operations performed by entities.

Among the administration operations that are the subject of this criterion, operations performed by entities on behalf of third parties are included, such as the purchase and sale of investment fund shares, the deposit and custody service that entities may provide to holders of investment fund shares, and the management of resources and financial instruments (securities) belonging to third parties, in accordance with applicable legislation.

Not included within this criterion:
a) custody of assets that by their nature or by contractual agreement do not confer responsibility for safeguarding to entities, and b) trust operations.

Definitions

Assets in custody or administration.- Cash, investment fund shares, or other financial instruments (securities), belonging to third parties, delivered to the entity for their safeguard or administration.

Acquisition cost.- The amount paid in cash or cash equivalents, or the fair value of the consideration given for an asset or service at the time of its acquisition.

Administration operations.- Those performed by the entity, in which it provides administrative services over certain assets, receiving, if applicable, a commission as consideration.

Custody operations.- Those performed by the entity, whereby it assumes responsibility for the safeguard of cash, investment fund shares, or other financial instruments (securities), belonging to third parties, which are delivered to its facilities or to whom it has subcontracted the service, receiving a commission for this.

Fair value.- The exit price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the valuation date.

Characteristics

Cash, investment fund shares, or other securities, belonging to third parties, can be the object of custody, administration, or a combination of both. In the case of other securities belonging to third parties, these may be alienated, administered, or transferred according to the conditions agreed in the contract.

By the essence of this type of operations, assets in custody or administration are not the object of recognition by entities, since entities do not acquire the rights and contractual obligations related to financial assets in custody or administration.

Nevertheless, the entity is responsible for assets in custody or administration, thus assuming a risk in case of their loss or damage.

In addition, among the administration services that the entity can provide, are administration, alienation, and transfer operations of assets in custody or administration that are carried out in accordance with prior instruction from its clients. Among these operations are client deposits and securities deposits.

Recognition and Valuation Rules

Since the assets subject to this criterion do not represent assets of the entities, they should not form part of the rights and obligations recognized in the statement of financial position. However, the estimated amount for which the entity would be obligated to respond to its clients for any future contingency must be recognized in off-balance-sheet accounts.

Income derived from custody or administration services will be recognized in the results of the period in accordance with what is established in NIF D-1 "Revenue from contracts with customers".

In case the entity has an obligation with the depositor for the loss or damage of the asset in custody or administration, the liability shall be recognized in the entity's statement of financial position against the results of the period. The accounting recognition referred to in this paragraph will be made at the moment the entity becomes aware of such situation, regardless of any legal action by the depositor aimed at repairing the loss or damage.

Custody Operations

The determination of the valuation of the estimated amount for assets in custody relative to share certificates of investment funds or other securities, shall be made at their fair value in accordance with what is established in NIF C-2 "Investment in financial instruments".

In the event that assets in custody are also held in administration, they must be controlled in off-balance-sheet accounts, separately from those assets received in custody.

Administration Operations

The determination of the valuation of the estimated amount for assets in administration and operations on behalf of third parties will be performed based on the operation carried out in accordance with these criteria. Among the various types of operations, the following are included:

Client Deposits

Client deposits in cash or cash equivalents must be controlled in off-balance-sheet accounts separately from investment fund shares and other securities received in custody. The valuation will be equivalent to the amount of cash received.

Likewise, collections made for concept of operations with client securities, such as dividends and interest, must be recognized.

Investment Fund Shares and Other Securities

For those operations with investment fund shares and with other securities that entities perform on behalf of third parties, they must be controlled in off-balance-sheet accounts and the titles received, and if applicable granted, will be recognized and valued at their fair value in accordance with what is established in NIF C-2.

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Presentation and Disclosure Rules

The liability arising from the obligation with the depositor for the loss or damage of the asset in custody or administration will be presented in the statement of financial position under the heading of other payables, while in the results of the period it will be presented under the heading of other operating income (expenses).

The amount of assets in custody or administration will be presented in off-balance-sheet accounts under the same heading.

Income derived from custody or administration services recognized in the results of the period will be presented under the heading of commissions and fees charged.

The following must be disclosed through notes to the financial statements:
Custody Operations a) amounts recognized for each type of asset in custody; b) information regarding the type of assets, and c) amount of income from the activity.

Administration Operations

a) amounts recognized for each type of asset in administration; b) information regarding the type of assets, and c) amount of income from the activity.

Investment Fund Shares and Other Securities a) information relative to debt titles and investment fund shares on behalf of third parties; b) information regarding the nature of these operations, specifying conditions and terms that could affect them, and c) patrimonial rights received.

Additionally, amounts of client deposits must be disclosed.

B-5 TRUSTS
Objective and Scope

This criterion aims to define the particular rules relative to the recognition, valuation, presentation, and disclosure in the financial statements for private trust activities that entities perform in their capacity as trustees.

Definitions

Trust.- The General Law of Credit Instruments and Operations establishes that "By virtue of the trust, the settlor transmits to a fiduciary institution the ownership or title of one or more assets or rights, as the case may be, to be destined to lawful and determined ends, entrusting the realization of said ends to the fiduciary institution itself".

Beneficiary.- Person who has the necessary capacity to receive the benefit that the trust implies.

Settlor.- Person who transmits the ownership or title of the assets or rights subject to the trust, as the case may be, to dedicate them to a lawful and determined end.

Trustee.- That entity authorized to carry out trust operations and to whom its realization is entrusted.

Trust Estate.- Regarding each trust contract, the money, and other assets, financial instruments (securities) or rights entrusted to the trustee, as well as increases or decreases, from the respective products or expenses.

Recognition and Valuation Rules
Trusts

Entities must recognize the trust estate in off-balance-sheet accounts, attending to the responsibility that for the fiduciary entity implies the realization or fulfillment of the object of said trusts, whose mandate is accepted.

In some cases, the responsibility referred to in the preceding paragraph is limited to the accounting of the trust's assets, while in other cases, it includes the recognition of assets and liabilities generated during its operation.

The valuation of the trust estate recognized in off-balance-sheet accounts will be carried out in accordance with what is provided in these accounting criteria, except when it concerns the trust estate of those trusts that request and, if applicable, obtain and maintain the registration of their securities in the National Registry of Securities, in which case, said estate must be valued based on the accounting norms that for such effects the CNBV establishes through general provisions applicable to issuers of securities and other participants in the securities market.

Losses borne by the entity for responsibilities incurred as trustee, will be recognized in results in the period in which these are known, regardless of the moment in which any legal promotion is made to that effect.

In addition to the recognition referred to in the preceding paragraphs, entities must keep special accounting for each trust contract, registering in it all operations performed. The balances of the special accountings of each trust contract must invariably coincide with the balances of the off-balance-sheet accounts in which the entity recognizes the trust estate.

Thursday, September 4, 2025 OFFICIAL GAZETTE 149

When by the nature of the trusts established in the entity there are assets or liabilities at charge or in favor of this, they must be recognized in the statement of financial position of said entity, as appropriate.

The recognition of income from the management of trusts must be done based on what is established in NIF D-1 "Revenue from contracts with customers". The accumulation of said income must be suspended, at the moment when the debt for these presents 90 or more natural days of payment default, being able to accumulate again when the pending payment debt is liquidated in its entirety.

While income from the management of trusts remains suspended from accumulation and is not collected, its control will be kept in off-balance-sheet accounts. In case said income is collected, it will be recognized directly in the results of the period.

Presentation Rules
Statement of Financial Position

In off-balance-sheet accounts, the total amount of the trust estate will be presented under the heading of assets in trust, according to the recognition and valuation rules provided in this criterion. Likewise, it must be presented in off-balance-sheet accounts under the heading of other register accounts, the accrued but uncollected income from the management of trusts.

Statement of Comprehensive Income

Losses borne by the entity for responsibilities incurred will be presented under the heading of other operating income (expenses), while the income from the management of trusts will be included under the heading of commissions and fees charged.

Disclosure Rule

Through notes to the financial statements, the amount of income received by the entity in trust operations must be disclosed.

D-1 STATEMENT OF INVESTMENT PORTFOLIO VALUATION Background Financial information must fulfill, among others, the purpose of informing about the composition of the investment portfolio of entities at a specific date, requiring the establishment, through specific criteria, of the objectives and general structure that the statement of investment portfolio valuation must have.

Objective and Scope

This criterion aims to establish the general characteristics, as well as the structure that the statement of investment portfolio valuation of entities must have, which must adhere to what is provided in this criterion and be considered part of the basic financial statements of entities, for the purposes established in NIF A-1, Chapter 30 "Objective of financial statements". Likewise, minimum guidelines are established with the purpose of homogenizing the presentation of this financial statement among entities and, in this way, facilitate its comparability.

The statement of investment portfolio valuation aims to present the value of investments carried out by the entity, as well as some representative indicators of the risk of said investments at a specific date.

The statement of investment portfolio valuation, therefore, must adequately show on consistent bases, the position of entities regarding their financial assets, so that its composition and risk can be evaluated.

Additionally, the statement of investment portfolio valuation must fulfill the objective of being a useful tool for the analysis of different entities, so it is convenient to establish the concepts and general structure that said financial statement must contain.

Concepts Integrating the Statement of Investment Portfolio Valuation

In a broad context, the concepts that integrate the statement of investment portfolio valuation are: cash and cash equivalents, negotiable financial instruments, financial instruments to collect and sell, financial instruments to collect principal and interest, repurchase agreements, as well as, if applicable, permanent investments in shares.

Structure of the Statement of Investment Portfolio Valuation

The minimum headings that must be included in the statement of investment portfolio valuation are the following:

cash and cash equivalents;
negotiable financial instruments;
financial instruments to collect and sell;
financial instruments to collect principal and interest;
repurchase agreements, and if applicable,
permanent investments in shares.

Presentation of the Statement of Investment Portfolio Valuation

The headings described above correspond to the minimum required for the presentation of the statement of investment portfolio valuation; however, entities must break down, either in the cited financial statement or through notes, the content of the concepts they consider necessary in order to show their financial situation to the user of the information. At the end of this criterion, a statement of investment portfolio valuation prepared with the minimum headings referred to in the preceding paragraph is shown.

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However, certain items in the investment portfolio valuation statement require special guidelines for their presentation, which are described below:

Cash and cash equivalents

Cash and cash equivalents shall be presented as follows:

unrestricted cash and cash equivalents, and
restricted cash and cash equivalents or those pledged as collateral.

Investments in financial instruments

Investment in equity financial instruments

Investments in equity financial instruments for trading, as well as those corresponding to financial instruments to collect and sell, shall be classified according to the sector to which the entity in which the investment is held belongs, distinguishing, where applicable, among the following:

investment funds in debt instruments;
equity investment funds;
capital investment funds;
limited-object investment funds;
industrial companies;
commercial companies;
service companies;
holding companies;
credit institutions;
financial groups, and
others.

Investment in debt financial instruments

Investments in debt financial instruments shall be classified according to the type of entity issuing the paper subject to the investment, identifying, where applicable, at least the following:

government securities;
bank securities, and
private paper.

Repo agreements

Repo debtors, that is, the amount of financing granted in repo operations, as well as accrued interest, shall be presented in this item.

Permanent investments in shares

The names of the entities in which the permanent investment is held shall be indicated, as well as the sector to which they belong, distinguishing among others the following:

investment funds in debt instruments;
equity investment funds;
capital investment funds;
limited-object investment funds;
service companies, and
others.

General considerations

For each of the categories mentioned in the previous section, the percentage of participation based on the total portfolio shall be established.

Each of the items shall present, where applicable, the following information:

issuer;
series;
type of security;
rate at valuation;
rating or marketability;
number of titles traded;
number of titles settled;
total titles of the issuance;
average unit acquisition cost;
total acquisition cost;
unit fair or accounting value;
total fair or accounting value, and
days to maturity.

The provisions established in this criterion shall be complied with regardless of compliance with the disclosure standards described in these accounting criteria.

Thursday, September 4, 2025 DIARIO OFICIAL 151

NAME OF THE INVESTMENT FUND OPERATING COMPANY
DOMICILE
INVESTMENT PORTFOLIO VALUATION STATEMENT AS OF _____ OF ____________ OF _____ EXPRESSED IN CURRENCY OF PURCHASING POWER OF _____ OF __________ (1) (Amounts in thousands of pesos)

Concept	Issuer	Series	Type of security	Rate at valuation	Rating or marketability	Number of titles traded	Number of titles settled	Total titles of the issuance	Average unit acquisition cost	Total acquisition cost	Unit fair or accounting value	Total fair or accounting value	Days to maturity
CASH AND CASH EQUIVALENTS
% Unrestricted cash and cash equivalents
Restricted cash and cash equivalents or those pledged as collateral
NEGOTIABLE FINANCIAL INSTRUMENTS
% Investment in equity financial instruments
Investment funds in debt instruments
Equity investment funds
Capital investment funds
Limited-object investment funds
Industrial companies
Commercial companies
Service companies
Holding companies
Credit institutions
Financial groups
Others
% Investment in debt financial instruments
Government securities
Bank securities
Private paper
FINANCIAL INSTRUMENTS TO COLLECT AND SELL
% Investment in equity instruments
Investment funds in debt instruments
Equity investment funds
Capital investment funds
Limited-object investment funds
Industrial companies
Commercial companies
Service companies
Holding companies
Credit institutions
Financial groups
Others
% Investment in debt financial instruments
Government securities
Bank securities
Private paper
FINANCIAL INSTRUMENTS TO COLLECT PRINCIPAL AND INTEREST
% Investment in debt financial instruments
Government securities
Bank securities
Private paper
REPO AGREEMENTS
% Repo debtors
PERMANENT INVESTMENTS IN SHARES
% Permanent investments in shares
Investment funds in debt instruments
Equity investment funds
Capital investment funds
Limited-object investment funds
Service companies
Others

(1) This line shall be omitted if the economic environment is "non-inflationary".

152 DIARIO OFICIAL Thursday, September 4, 2025

D-2 FINANCIAL POSITION STATEMENT

Background
Financial information must comply, among other things, with the objective of presenting the financial situation of entities at a specific date, requiring the establishment, through specific criteria, of the objectives and general structure that the financial position statement must have.

Objective and scope
This criterion aims to establish the general characteristics and the structure that the financial position statement of entities must have. Likewise, minimum guidelines are established with the purpose of standardizing the presentation of this financial statement among entities and, in this way, facilitate its comparability. The financial position statement aims to present information regarding the resources (assets) and sources of financing (liabilities and equity) of the entity at a specific date. The financial position statement, therefore, must adequately and on consistent bases show the position of entities regarding their assets, liabilities, equity, and off-balance-sheet accounts, so that the economic resources available to such entities and their financial structure can be evaluated. Additionally, the financial position statement must fulfill the objective of being a useful tool for the analysis of different entities, so it is convenient to establish the concepts and general structure that such financial statement must contain.

Concepts comprising the financial position statement In a broad context, the concepts comprising the financial position statement are: assets, liabilities, and equity, understood as such concepts as defined in NIF A-1, Chapter 50 "Basic elements of financial statements". Likewise, the off-balance-sheet accounts referred to in this criterion are part of the concepts comprising the structure of the financial position statement of entities.

Structure of the financial position statement
The structure of the financial position statement must group the concepts of assets, liabilities, equity, and off-balance-sheet accounts, in such a way as to reflect their degree of liquidity or exigibility from greater to lesser, as the case may be. In this way, the minimum items that must be included in the financial position statement are the following:

Assets

cash and cash equivalents;
investments in financial instruments;
repo debtors;
accounts receivable (net);
long-term assets held for sale or for distribution to owners;
prepayments and other assets;
property, furniture, and equipment (net);
right-of-use assets for property, furniture, and equipment (net);
permanent investments;
deferred income tax assets;
intangible assets (net);
right-of-use assets for intangible assets (net), and
goodwill.

Liabilities

bank loans and loans from other organizations;
sold collateral;
lease liability;
other accounts payable;
liabilities related to groups of assets held for sale;
financial instruments that qualify as liabilities;
obligations associated with the removal of components of property, furniture, and equipment;

Thursday, September 4, 2025 DIARIO OFICIAL 153

income tax liability;
employee benefits liability, and
deferred credits and advance receipts.

Equity

contributed capital, and
retained earnings.

Off-balance-sheet accounts

contingent assets and liabilities;
assets in trust;
assets in custody or administration;
collateral received by the entity;
collateral received and sold by the entity, and
other recording accounts.

Presentation of the financial position statement The items described above correspond to the minimum required for the presentation of the financial position statement; however, entities must break down, either in the said financial statement or through notes, the concepts they consider necessary in order to show their financial situation to the user of the information. At the end of this criterion, a financial position statement prepared with the minimum items referred to in the previous paragraph is shown. However, certain items in the financial position statement require special guidelines for their presentation, which are described below:

Investments in financial instruments
Different categories of investments in financial instruments shall be presented within this item, such as negotiable financial instruments, financial instruments to collect and sell, and financial instruments to collect principal and interest (securities), the latter at their amortized cost (that is, including accrued but uncollected interest and net of items to amortize and expected credit losses).

Repo debtors
The debtor balance arising from repo operations referred to in the corresponding criterion shall be presented immediately after the concept of investments in financial instruments.

Accounts receivable shall be presented, considering among others, debtor clearing accounts, debtors for collateral granted in cash, and conditional accounts receivable, net, where applicable, of the estimate of expected credit losses.

Long-term assets held for sale or for distribution to owners Investments in long-term assets classified as held for sale or for distribution to owners, such as subsidiaries, associates, and joint ventures, as well as assets related to discontinued operations, referred to in NIF B-11 "Disposal of long-term assets and discontinued operations", shall be presented within this item.

Prepayments and other assets
Prepayments and other assets such as deferred charges, as well as other short-term and long-term assets, shall be presented as a single item in the financial position statement. The asset for employee benefits arising in accordance with what is established in NIF D-3 "Employee benefits" shall be part of this item.

Right-of-use assets for property, furniture, and equipment (net) Those assets that represent the right of a lessee to use a property, furniture, or equipment during the lease term, reduced by their accumulated depreciation, shall be presented.

Permanent investments
Permanent investments in unconsolidated subsidiaries, associates, joint ventures, as well as other permanent investments added by goodwill that may have been generated, shall be presented within this item.

Right-of-use assets for intangible assets (net) Those assets that represent the right of a lessee to use an intangible asset during the lease term, reduced by their accumulated amortization, shall be presented.

154 DIARIO OFICIAL Thursday, September 4, 2025

Bank loans and loans from other organizations
Bank loans and loans from other organizations shall be grouped within a specific item, broken down into:

short-term (amount of amortizations whose maturity term is less than or equal to one year), and
long-term (amount of amortizations whose maturity term is greater than one year).

Sold collateral
Sold collateral, which represents the obligation to return collateral received as guarantee from the counterparty in repo operations and other sold collateral, shall be presented within this item in an disaggregated manner.

Other accounts payable
Among others, creditor clearing accounts, creditors for collateral received in cash, contributions payable, various creditors, and other accounts payable, including overdrafts in checking accounts and the negative balance of the cash and cash equivalents item that in accordance with what is established in criterion B-1 "Cash and cash equivalents" must be presented as a liability, shall be part of this item.

Liabilities related to groups of assets held for sale Liabilities related to groups of long-term assets held for sale, including discontinued operations, shall be presented within this item.

Financial instruments that qualify as liabilities Contributions for future capital increases pending formalization by their shareholders' meeting, as well as those financial instruments that qualify as liabilities, in accordance with what is established in NIF C-12 "Financial instruments with liability and equity characteristics", shall be included in this item.

Obligations associated with the removal of components of property, furniture, and equipment Obligations arising from the permanent removal of service of a component of property, furniture, and equipment, in accordance with what is established in NIF C-18 "Obligations associated with the removal of property, plant and equipment", shall be included in this item.

Income tax liability
The amount corresponding to taxes accrued, as well as the amount resulting from deferred income tax liability, determined in accordance with what is established in NIF D-4 "Income taxes", shall be presented in this item.

Employee benefits liability
The liability arising in accordance with what is established in NIF D-3, "Employee benefits" shall be part of this item.

Deferred credits and advance receipts
This item shall be composed of deferred credits and advance receipts, such as advance receipts received on account of goods promised for sale or with reservation of ownership, among others.

Equity
When preparing the consolidated financial position statement, the non-controlling interest representing the part of the subsidiary's equity corresponding to non-controlling shareholders shall be presented in a separate line, immediately after retained earnings.

Result from holding non-monetary assets
The entity shall recognize in this item the unrealized result from holding non-monetary assets, as established in NIF B-10 "Effects of inflation".

Off-balance-sheet accounts
At the bottom of the financial position statement, situations or events that, according to the definitions of assets, liabilities, and equity mentioned above, should not be included within such concepts in the financial position statement of entities, but that provide information about any of the following events, shall be presented:
a) contingent assets and liabilities in accordance with NIF C-9 "Provisions, contingencies, and commitments"; b) operations carried out by the entity in its capacity as trustee, referred to in criterion B-5 "Trusts"; c) assets in custody or administration; d) collateral received by the entity; e) collateral received and sold by the entity; f) amounts that complement the figures contained in the financial position statement, and g) other accounts that the entity considers necessary to facilitate accounting records or to comply with applicable legal provisions.

Thursday, September 4, 2025 DIARIO OFICIAL 155

NAME OF THE INVESTMENT FUND OPERATING COMPANY
DOMICILE
FINANCIAL POSITION STATEMENT AS OF ___ OF _____________ OF _____ EXPRESSED IN NATIONAL CURRENCY OF PURCHASING POWER OF __________ OF ____ (1) (Amounts in thousands of pesos)

ASSETS	LIABILITIES AND EQUITY
CASH AND CASH EQUIVALENTS	BANK LOANS AND LOANS FROM OTHER ORGANISMS
	Short-term "
INVESTMENTS IN FINANCIAL INSTRUMENTS	Long-term " $
Negotiable financial instruments $	SOLD COLLATERAL
Financial instruments to collect and sell "	Repo "
Financial instruments to collect principal and interest (securities) (net) " "	Other sold collateral " "
REPO DEBTORS "	LEASE LIABILITY "
ACCOUNTS RECEIVABLE (NET) "	OTHER ACCOUNTS PAYABLE
	Creditor clearing accounts "
LONG-TERM ASSETS HELD FOR SALE OR FOR DISTRIBUTION TO OWNERS "	Creditors for collateral received in cash "
	Contributions payable "
PREPAYMENTS AND OTHER ASSETS "	Various creditors and other accounts payable " "
PROPERTY, FURNITURE, AND EQUIPMENT (NET) "	LIABILITIES RELATED TO GROUPS OF ASSETS HELD FOR SALE "
RIGHT-OF-USE ASSETS FOR PROPERTY, FURNITURE, AND EQUIPMENT (NET) "	FINANCIAL INSTRUMENTS THAT QUALIFY AS LIABILITIES "
	Contributions for future capital increases pending formalization by their shareholders' meeting
PERMANENT INVESTMENTS "	Other " "
DEFERRED INCOME TAX ASSETS "	OBLIGATIONS ASSOCIATED WITH THE REMOVAL OF COMPONENTS OF PROPERTY, FURNITURE, AND EQUIPMENT "
INTANGIBLE ASSETS (NET) "	INCOME TAX LIABILITY "
RIGHT-OF-USE ASSETS FOR INTANGIBLE ASSETS (NET) "	EMPLOYEE BENEFITS LIABILITY "
GOODWILL "	DEFERRED CREDITS AND ADVANCE RECEIPTS "
TOTAL ASSETS $	TOTAL LIABILITIES $
	EQUITY
	CONTRIBUTED CAPITAL
	Share capital "
	Fixed minimum "
	Variable "
	Contributions for future capital increases formalized by their shareholders' meeting "
	Share premium "
	Financial instruments that qualify as equity " "
	RETAINED EARNINGS
	Capital reserves "
	Accumulated results "
	Other comprehensive income "
	Valuation of negotiable financial instruments "
	Valuation of financial instruments to collect and sell "
	Income and expenses related to assets held for disposal "
	Remediation of defined employee benefits "
	Result from holding non-monetary assets "
	Participation in OCI of other entities " "
	TOTAL CONTROLLING INTEREST "
	TOTAL NON-CONTROLLING INTEREST "
	TOTAL EQUITY "
TOTAL LIABILITIES AND EQUITY $

OFF-BALANCE-SHEET ACCOUNTS
Contingent assets and liabilities $
Assets in trust "
Assets in custody or administration "
Collateral received by the entity "
Collateral received and sold by the entity "
Other recording accounts "

The concepts appearing in this statement are shown in an illustrative rather than exhaustive manner.
(1) This line shall be omitted if the economic environment is "non-inflationary".

156 OFFICIAL GAZETTE Thursday, September 4, 2025

D-3 STATEMENT OF COMPREHENSIVE INCOME

Background
Financial information must comply, among other things, with the objective of reporting the results of an entity's operations during a defined accounting period, requiring the establishment, through specific criteria, of the object and general structure that the statement of comprehensive income must have. This is with the aim of obtaining elements of judgment regarding, among other issues, the level of operational efficiency, profitability, and financial risk.

Objective and Scope
This standard aims to establish the general characteristics for the presentation and structure of the statement of comprehensive income, the minimum content requirements, and the general disclosure norms. Whenever this financial statement is prepared, entities must adhere to the structure and guidelines provided in this standard, through which the presentation of this financial statement is harmonized among entities, and in this way, facilitate its comparability. The statement of comprehensive income aims to present information regarding the result of the entity's operations during an accounting period.

Concepts that make up the statement of comprehensive income In a broad context, the concepts that make up the statement of comprehensive income are: income, costs, expenses, net income, and comprehensive income, considering such concepts as defined in NIF A-1, Chapter 50 "Basic elements of financial statements".

Structure of the statement of comprehensive income The minimum items that the statement of comprehensive income must contain in entities are the following:

income (expenses) for services;
result of operations;
result before income taxes;
result from continuing operations;
net income, and
comprehensive income.

Presentation of the statement of comprehensive income The items described above correspond to the minimum required for the presentation of the statement of comprehensive income; however, entities must break down, either in the aforementioned statement of comprehensive income or through notes to the financial statements, the content of the concepts they deem necessary in order to show their results to the user of financial information. At the end of this standard, a consolidated statement of comprehensive income is shown, prepared with the minimum items referred to in the previous paragraph.

Characteristics of the items that make up the structure of the statement of comprehensive income

Income (expenses) for services
Income (expenses) for services must be composed of the difference between commissions and fees charged and commissions and expenditures paid.

Commissions and fees charged
These are all commissions and fees generated by the entity, among which are those derived from the provision of asset management services for investment funds, distribution of investment fund shares, deposit and custody of investment assets and investment fund shares, as well as deposit, custody, and resource management services on behalf of clients, as well as fiduciary activities. Likewise, gains from exchange rate differences will be considered, provided they originate from items that are part of income (expenses) for services.

Thursday, September 4, 2025 OFFICIAL GAZETTE 157

Commissions and expenditures paid
These are integrated by the total of commissions paid and, in general, by expenditures incurred by the entity related to the provision of services that they grant to investment funds, as well as by exchange rate losses that originate from items that are part of income (expenses) for services.

Result of operations
Corresponds to income (expenses) for services increased or decreased by the comprehensive financing margin, other operating income (expenses), and administration and promotion expenses.

Comprehensive financing margin
The comprehensive financing margin is composed of the following concepts:
a) interest income; b) interest expenses; c) result from valuation of financial instruments at fair value; d) result from sale/purchase of financial instruments; e) transaction costs, and f) result from net monetary position related to items of the comprehensive financing margin (in the case of an inflationary environment).

Interest income
Interest income is considered, among others, those from financial operations typical of entities such as deposits in financial institutions, investments in financial instruments, repo operations, as well as dividends from financial instruments that qualify as equity. Likewise, interest income is considered to include valuation adjustments derived from items denominated in UDIS or in some other general price index, as well as gains from exchange rate differences, provided that such items originate from positions related to income that form part of the comprehensive financing margin.

Interest expenses
Interest expenses are considered to be those derived from bank loans and from other organizations, those from lease liabilities, as well as the financial effect of provisions. Likewise, interest expenses are considered to include valuation adjustments derived from items denominated in UDIS or in some other general price index, as well as losses from exchange rate differences, provided that such concepts originate from assets or liabilities related to the comprehensive financing margin.

Result from valuation of financial instruments at fair value It will be composed of the effect from valuation of negotiable financial instruments, sold collateral, estimated expected credit losses for investments in financial instruments, and the result from valuation of currencies linked to their social object, obtained in accordance with the guidelines established in the corresponding standards.

Result from sale/purchase of financial instruments Corresponds to gains or losses from the sale/purchase of financial instruments (securities), currencies linked to their social object, as well as the result from the sale of received collateral that entities carry out.

Result from net monetary position (comprehensive financing margin) The result from net monetary position referred to in paragraph 12 will be that which originates from items whose income or expenses form part of the comprehensive financing margin (in the case of an inflationary environment).

Other operating income (expenses)
Other operating income (expenses) are considered to include income and expenses derived from the entity's operation that are not included in the previous concepts, nor form part of administration and promotion expenses, such as:
a) tax recoveries; b) adjustments to estimated expected credit losses; c) losses;

158 OFFICIAL GAZETTE Thursday, September 4, 2025 d) losses in trust operations; e) losses in custody and administration of assets; f) losses from impairment or reversal of impairment effect of other long-term assets held for sale; g) interest charges in financing for acquisition of assets; h) result in sale of properties, furniture, and equipment, and i) other items of operating income (expenses). In addition to the items previously mentioned, the result from net monetary position, in the case of an inflationary environment, and the result from exchange rate differences generated by items not related to the comprehensive financing margin of entities will be presented in the item of other operating income (expenses).

Administration and promotion expenses
Administration and promotion expenses must be considered within the result of operations, which must include all types of direct short-term benefits granted to the entity's employees, Participation of Workers in Profits (PTU) accrued and deferred, the net cost of the period derived from long-term employee benefits, fees, rents, promotion and advertising expenses, taxes and various duties, non-deductible expenses, technology expenses, depreciation and amortizations, losses from impairment or reversal of impairment effect of real estate and other assets in use, as well as other administration and promotion expenses.

Result before income taxes
It will be the result of operations, incorporating the participation in the net result of other entities, increased or decreased as appropriate by the effects of impairment and its reversals, dividends from permanent investments, adjustments associated with other permanent investments, and the effects of valuation of available-for-sale permanent investments.

Result from continuing operations
It is the result before income taxes, decreased by the effect of income tax expenses accrued in the period, increased or decreased as appropriate by the effects of deferred income taxes generated or realized in the period, as applicable, net of their estimation.

Net income
Corresponds to the result from continuing operations, increased or decreased as appropriate, by discontinued operations referred to in NIF B-11 "Disposal of long-term assets and discontinued operations".

Comprehensive income
Corresponds to net income increased or decreased by the OCI of the period, net of the effects of income taxes and PTU related, as well as the participation in OCI of other entities. The OCI of the period will be integrated by: valuation of negotiable financial instruments, when they are non-negotiable equity instruments in the short term, valuation of financial instruments to collect and sell, income and expenses related to assets held for disposal, remeasurement of defined employee benefits, and result from holding non-monetary assets.

Disclosure norms
The following must be disclosed in notes to the financial statements:
a) the composition of the comprehensive financing margin, identifying interest income, interest expenses, the result from fair value valuation, the result from sale/purchase, other operating income (expenses) and, as applicable, the result from net monetary position related to items of the comprehensive financing margin, according to the type of operation from which they originate; b) amount of charged commissions disaggregated by the main products managed by the entity; c) the detail of movements of OCI net of income taxes, corresponding to the period effect and to the recycling that was carried out, as applicable; d) the amounts of income taxes accrued and deferred, as well as PTU related to OCI, and e) the amount of basic earnings per share and diluted earnings per share, in case the entity trades on the stock exchange. The determination of both amounts must be made based on the NIF relative to earnings per share.

Thursday, September 4, 2025 OFFICIAL GAZETTE 159

NAME OF THE INVESTMENT FUND OPERATING COMPANY
ADDRESS
STATEMENT OF COMPREHENSIVE INCOME FROM ____________ TO _____________ OF _____ EXPRESSED IN CURRENCY OF PURCHASING POWER OF _______ OF _______ (1) (Thousands of pesos)

Commissions and fees charged $
Commissions and expenditures paid "
INCOME (EXPENSES) FOR SERVICES
Comprehensive financing margin "
Other operating income (expenses) "
Administration and promotion expenses "
RESULT OF OPERATIONS "
Participation in the net result of other entities " " RESULT BEFORE INCOME TAXES Income taxes " RESULT FROM CONTINUING OPERATIONS " Discontinued operations " NET INCOME " Other comprehensive income " Valuation of negotiable financial instruments " Valuation of financial instruments to collect and sell " Income and expenses related to assets held for disposal " Remeasurement of defined employee benefits " Result from holding non-monetary assets " Participation in OCI of other entities " " COMPREHENSIVE INCOME $ Net income attributable to:
Controlling interest "
Non-controlling interest "
Comprehensive income attributable to:
Controlling interest "
Non-controlling interest "
Basic earnings per ordinary share $
The concepts appearing in this statement are shown in an enumerative but not limiting manner.
(1) This line will be omitted if the economic environment is "non-inflationary".

160 OFFICIAL GAZETTE Thursday, September 4, 2025

D-4 STATEMENT OF CHANGES IN EQUITY

Background
Financial information must comply, among other things, with the objective of reporting modifications in owners' investment during a defined accounting period, requiring the establishment, through specific criteria, of the objectives and general structure that the statement of changes in equity must have, with the aim of evaluating, among other issues, the profitability indices of the entity, both for a specific accounting period and cumulatively as of the date of the financial statements.

Objective and Scope
This standard aims to establish the general characteristics for the presentation and structure that the statement of changes in equity of entities must have, the minimum content requirements, and the general disclosure norms. This is with the purpose of harmonizing the presentation of this financial statement among entities and, in this way, facilitating its comparability. The statement of changes in equity aims to present the movements between the initial and final balances of contributed capital and earned capital during an accounting period. In general and non-limiting terms, the main items that make up equity are:
a) contributed capital, which is composed of contributions from owners received by the entity and the amount of other financial instruments issued by the entity that qualify as equity. It also includes certain contributions for future capital increases, premiums in the issuance or sale of shares and financial instruments that by economic substance qualify as equity, and b) earned capital, which is composed of accumulated comprehensive results, as well as by reserves created by shareholders. Therefore, the basic elements of the statement of changes in equity of entities are: owner movements, reserve movements, and comprehensive income, in accordance with NIF A-1, Chapter 50 "Basic elements of financial statements" The movements presented in the statement of changes in equity must be segregated into the amounts corresponding to:
a) controlling interest, which is the portion of the equity of subsidiaries that belongs to the controlling company, and b) non-controlling interest, which is the portion of the equity of subsidiaries that belongs to owners other than the controlling company. This standard does not aim to establish the mechanism by which the aforementioned movements are determined, as they are subject to the present accounting standards or specific NIFs established regarding this matter.

Structure of the statement of changes in equity The statement of changes in equity must present in a segregated manner, for each period for which it is presented, the amounts relative, as applicable, to:
a) initial balances of equity; b) adjustments for retrospective application due to accounting changes and error corrections; c) adjusted initial balances; d) owner movements; e) reserve movements; f) comprehensive income, and g) final balances of equity.

Initial balances of equity
In this line, the book values of each of the items of equity with which the entity started each period for which the statement of changes in equity is presented must be shown.

Adjustments for retrospective application due to accounting changes and error corrections Corresponds to adjustments derived from the retrospective application established in NIF B-1 "Accounting changes and error corrections". When retrospective adjustments have been determined that consequently affect the initial balances of the period, the corresponding amounts must:
a) be presented immediately after the initial balances, as they are adjustments to them; b) be presented in a segregated manner by the amounts affecting each item of equity, and c) as applicable, be presented net of income taxes.

Thursday, September 4, 2025 OFFICIAL GAZETTE 161

In cases where in the same accounting period retrospective adjustments have been determined both for accounting changes and for error corrections, both amounts must be presented in a segregated manner within the body of the statement of changes in equity net of income taxes.

Adjusted initial balances
They result from the algebraic sum of the initial balances of equity and the adjustments for retrospective application to each item individually.

Owner movements
These are changes to contributed capital or, as applicable, to earned capital, during an accounting period derived from decisions made by owners regarding their investment in the entity. Some examples of this type of movements are the following:
a) capital contributions; b) capital refunds; c) declaration of dividends; d) capitalization of items from contributed capital; e) capitalization of comprehensive income; f) capitalization of reserves, and g) changes in controlling interest that do not imply loss of control. Movements corresponding to contributions from owners and those that are distributions to them must be shown separately, that is, they must not be shown in a net manner.

Reserve movements
In this line, the amounts representing increases or decreases to capital reserves must be shown.

Comprehensive income
It refers to the increase or decrease in the earned capital of an entity derived from its operation, during an accounting period, originated by net profit or loss, plus other comprehensive income. In this line, comprehensive income will be presented broken down into the following components:
a) net result of the period; b) other comprehensive income (OCI), and c) participation in OCI of other entities.
Likewise, the net movement of the period of the components of comprehensive income must be presented; as net movement, it must be understood as OCI net of income taxes, PTU, and recycling of OCI.

Final balances of equity
The final balances of equity are determined by the algebraic sum of the adjusted initial balances of each of the items of equity plus owner movements, reserve movements, and comprehensive income.

Presentation of the statement of changes in equity The concepts described above correspond to the minimum required for the presentation of the statement of changes in equity; however, entities must break down, either in the aforementioned statement of changes in equity or through notes to the financial statements, the content of the concepts they deem necessary so that users of financial information understand the movements that affected the equity of entities in the period. At the end of this standard, a statement of changes in equity is shown prepared with the requirements referred to in this standard.

General considerations
In case of an inflationary environment, all balances and movements incorporated in the statement of changes in equity must be shown expressed in monetary units of purchasing power relative to the date of the financial statements.

Disclosure norms
The following must be disclosed in notes to the financial statements:
a) the amount of dividends distributed in the period, the manner in which they were paid, as well as the data of the dividend per share; b) the reason for capital refunds carried out in the period, and c) a description of how capital contributions of the period were carried out.

162 OFFICIAL GAZETTE Thursday, September 4, 2025

NAME OF THE FUND MANAGEMENT COMPANY

ADDRESS

STATEMENT OF CHANGES IN EQUITY CAPITAL FROM ___ OF _____________ TO ___ OF _____________ OF ___

EXPRESSED IN CURRENCY OF PURCHASING POWER OF _________ OF ____ (1)

(Figures in millions of pesos)

Concept
Contributed Capital
Retained Earnings
Total
Controlling Interest
Total
Non-controlling Interest
Total
Equity Capital
Social Capital
Contributions for future capital increases formalized by its shareholders' meeting Premium on share sales Financial instruments qualifying as capital Capital Reserves Accumulated Results Valuation of negotiable financial instruments Valuation of financial instruments to collect and sell Income and expenses related to assets held for sale Remediation of defined benefits to employees Result from holding non-monetary assets Participation in OCI of other entities

Balance at ___ of _________ of ___
Retrospective adjustments for accounting changes Retrospective adjustments for error corrections Balance at ___ of _______ of ___ adjusted

OWNERS' MOVEMENTS
Capital contributions
Capital refunds
Decree of dividends
Capitalization of other equity capital concepts Changes in controlling participation that do not imply loss of control Total

RESERVES MOVEMENTS
Capital reserves

COMPREHENSIVE INCOME:

Net income
Other comprehensive income (OCI)
Valuation of negotiable financial instruments Valuation of financial instruments to collect and sell Income and expenses related to assets held for sale Remediation of defined benefits to employees Result from holding non-monetary assets
Participation in OCI of other entities
Total

Balance at ___ of __________ of ___

The concepts appearing in this statement are shown in an illustrative rather than exhaustive manner.

(1) This line will be omitted if the economic environment is "non-inflationary".

Thursday, September 4, 2025 OFFICIAL GAZETTE 163

D-5 STATEMENT OF CASH FLOWS

Background
Financial information must meet, among other things, the objective of showing how entities generate and use cash and cash equivalents, which are essential to maintain their operations, meet their obligations, as well as distribute dividends.

Objective and Scope
The purpose of this standard is to establish the general characteristics for the presentation, structure, and preparation of the statement of cash flows of entities, as well as the disclosures that complement said financial statement. Likewise, minimum guidelines are established, with the purpose of homogenizing the presentation of this financial statement among entities and, in this way, facilitating its comparability.

The statement of cash flows has as its main objective to provide users of the basic financial statements with information regarding cash inflows and outflows during an accounting period.

When the statement of cash flows is used together with the rest of the financial statements, it provides information that allows users to:
a) evaluate changes in the entity's assets and liabilities and in its financial structure (including its liquidity and solvency), and b) evaluate both the amounts and dates of collections and payments, in order to adapt to the circumstances and to the opportunities for generation and application of cash and cash equivalents.

Likewise, the statement of cash flows presents the operations that were carried out in the period, that is, those that were materialized with the collection or payment of the item in question; while the statement of comprehensive income shows the operations accrued in the same period, that is, when they are recognized accounting-wise at the moment they economically affect the entity, regardless of the date in which they are considered carried out for accounting purposes.

The statement of cash flows allows entities to improve the comparability of information on operational performance with different entities, because it eliminates the effects generated by the use of different accounting treatments for the same transactions and economic events.

Historical information on cash flows is used as an indicator of the amount, timing of generation, and probability of future cash flows. Likewise, this information is useful to verify the accuracy of past forecasts of future cash flows, to analyze the relationship between profitability and net cash flows, as well as, if applicable, the effects of inflation when there is an inflationary environment.

Definition of Terms
Financing Activities.- Those related to the obtaining, as well as the remuneration and compensation of funds coming from: i) the owners of the entity, ii) creditors granting financing not related to usual operating activities, and iii) the issuance by the entity of instruments or financial instruments that qualify as capital.

Investing Activities.- Those related to the acquisition and disposal of: i) properties, furniture and equipment, intangible assets, and other assets intended for use or for the provision of services; ii) long-term financial instruments; iii) permanent investments in financial instruments that qualify as capital, and iv) activities related to the granting and recovery of loans not related to operating activities.

Operating Activities.- Those that constitute the main source of income for the entity, include other activities that cannot be classified as investing or financing.

Cash and Cash Equivalents.- This concept shall be understood as established in criterion B-1 "Cash and Cash Equivalents".

Cash Inflows.- They are increases in cash, during an accounting period, generated by the decrease of any other asset other than cash, the increase in liabilities, or by increases in capital by the entity's shareholders.

Cash Flows.- They are inflows and outflows of cash and cash equivalents. Movements between the items that constitute cash and cash equivalents shall not be considered cash flows, since these components are part of the administration of the entity's cash and cash equivalents, rather than its operating, investing, or financing activities.

Cash Outflows.- They are decreases in cash, during an accounting period, generated by the increase of any other asset other than cash, the decrease in liabilities, or by the disposal of capital by the shareholders.

Nominal Value.- It is the amount in monetary units expressed in bills, coins, securities, and instruments. 15

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Presentation Standards
General Considerations
Entities must exclude from the statement of cash flows all operations that did not affect cash flows. For example:
a) conversion of debt to equity and distribution of dividends in shares; b) acquisition of an entity with payment in shares; c) share-based payments to employees; d) operations negotiated with asset exchange; e) creation of reserves and any other transfer between equity capital accounts, and f) effects from recognition of fair value.

Structure of the Statement of Cash Flows
Entities must classify and present cash flows, according to their nature, in operating, investing, and financing activities, attending to their economic substance and not the form used to carry them out.

The structure of the statement of cash flows must include, at minimum, the following items:

operating activities;
investing activities;
financing activities;
net increase or decrease in cash and cash equivalents;
effects from changes in the value of cash and cash equivalents;
cash and cash equivalents at the beginning of the period, and
cash and cash equivalents at the end of the period.

Operating Activities
Cash flows from operating activities are an indicator of the extent to which these activities have generated sufficient liquid funds to maintain the entity's operating capacity, to make new investments without resorting to external financing sources, and, if applicable, to pay financing and dividends.

Because the cash flows related to these activities are those derived from operations that constitute the entity's main source of income, in this section are included activities that intervene in the determination of its net income, excepting those associated either with investing or financing activities. Some examples of cash flows from operating activities are:
a) payments for the acquisition of investments in financial instruments (securities); b) cash and cash equivalents outflows for debtors under repurchase agreements; c) cash and cash equivalents inflows from the receipt of bank loans and from other organizations; d) cash and cash equivalents outflows from other accounts receivable; e) cash and cash equivalents inflows from sold collateral; f) collections of income from interest to which criterion D-3 "Statement of Comprehensive Income" refers, as well as its main associated, coming from, among others, the following concepts:

cash and cash equivalents (with the exception of gains or losses from changes coming from this concept);
investments in financial instruments, and
debtors under repurchase agreements;
g) payments of interest expenses to which criterion D-3 refers, as well as its main associated, coming from, among others, bank loans and from other organizations; h) collections and payments, as applicable, of commissions and fees generated by:
received loans, and provision of services (administration of investment fund assets; distribution of investment fund shares; deposit and custody of investment assets and investment fund shares; deposit, custody, and management of resources on behalf of clients, among others).
i) collections and payments from the purchase and sale of currencies linked to its social object and investments in financial instruments; j) payments for direct benefits to employees, fees, rents, promotion and advertising expenses, among other administrative and promotional expenses; k) payments of income taxes; l) refunds of income taxes.

Income Taxes
Cash flows related to income taxes must be presented in a separate item within the classification of operating activities, unless it is practical to relate them to investing or financing activities, as is the case of the tax derived from discontinued operations, which is related to investing activities.

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Investing Activities
Cash flows related to investing activities represent the extent to which entities have allocated resources to items that will generate income and cash flows in the medium and long term.

Cash flows from investing activities are, for example, the following:
a) payments - collections for long-term financial instruments; b) payments - collections for the purchase and sale of properties, furniture, and equipment; c) payments - collections for discontinued operations; d) payments - collections for the purchase and sale of subsidiaries; e) payments - collections for the purchase and sale of associates, joint ventures, and other permanent investments; f) collections of dividends from permanent investments; g) payments for the acquisition of intangible assets; h) collections from the disposal of intangible assets;

Acquisitions and Disposals of Subsidiaries and Other Businesses Cash flows derived from acquisitions or disposals of subsidiaries and other businesses must be classified in investing activities; likewise, they must be presented in a single separate line involving the entire acquisition operation or, if applicable, the disposal operation, instead of presenting the individual acquisition or disposal of the assets and liabilities of said businesses at the date of acquisition or disposal. Cash flows derived from acquisitions must not be offset with those from disposals.

Cash flows paid for the acquisition of subsidiaries and other businesses must be presented net of the balance of cash and cash equivalents acquired in said operation.

Cash flows collected from the disposal of subsidiaries and other businesses (discontinued operations) must be presented net of the balance of cash and cash equivalents disposed of in said operation. Likewise, this amount must be net of the income tax attributable to such disposal.

Financing Activities
Cash flows generated by financing activities show the entity's capacity to restore to its owners and creditors the resources they allocated to the entity at the time, and, if applicable, to pay them returns.

Cash flows from financing activities are, for example, the following:
a) collections - payments of bank loans and from other organizations; b) collections from the issuance of the entity's own shares, net of the related issuance expenses; c) payments to owners for refunds of share capital, dividends, or associated with the repurchase of own shares; d) collections from the issuance of financial instruments that qualify as capital; e) payments associated with financial instruments that qualify as capital, f) payments of lease liabilities and interest.

Net Increase or Decrease in Cash and Cash Equivalents After classifying cash flows in operating activities, investing activities, and financing activities, the net cash flows of these three sections must be presented.

Effects from Changes in the Value of Cash and Cash Equivalents Entities must present in a separate line, as applicable, the following:
a) the effects from gains or losses from changes in cash and cash equivalents referred to in paragraph 41, which includes the difference generated by the conversion of the initial balance of cash and cash equivalents to the closing rate of the day published by the Bank of Mexico on its internet website, www.banxico.org.mx, or the one that substitutes it, and of the final balance of cash and cash equivalents to the closing rate of the day of the current period, published by the Bank of Mexico on the referred Internet page; b) the effects on the balances of cash and cash equivalents from changes in their value resulting from fluctuations in the exchange rate and in their fair value, and c) the effects from inflation associated with the balances and cash flows and cash equivalents of any of the entities that make up the consolidated economic entity and that are in an inflationary economic environment.

The effects referred to in the previous paragraph must be presented in the statement of cash flows in a segregated manner to allow adequate reconciliation between the cash balance at the beginning and at the end of the period.

Cash and Cash Equivalents at the Beginning of the Period Entities must present a separate item named "Cash and Cash Equivalents at the Beginning of the Period", which corresponds to the balance of cash and cash equivalents presented in the statement of financial position at the end of the previous period (including restricted cash and cash equivalents), in order to reconcile it with the balance of cash and cash equivalents at the end of the current period.

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Cash and Cash Equivalents at the End of the Period Entities must present a separate item named "Cash and Cash Equivalents at the End of the Period", which must be determined by the algebraic sum of the items: "Net Increase in Cash and Cash Equivalents" or "Net Decrease in Cash and Cash Equivalents", "Effects from Changes in the Value of Cash and Cash Equivalents", and "Cash and Cash Equivalents at the Beginning of the Period". This sum must correspond to the balance of cash and cash equivalents presented in the statement of financial position at the end of the period.

Additional Considerations
Dividends
Cash flows derived from collected dividends must be presented in a specific item within the same group of activities in which the cash flows of the item with which they are associated are presented. For example: cash inflows from collected dividends from investments in financial instruments must be presented, as well as said instruments, in operating activities; if the collected dividends derive from a permanent investment in an associated entity, said cash flows must be presented in investing activities.

Cash outflows for paid dividends must be presented in financing activities because they represent the remuneration to the owners of an entity for the resources obtained from their part.

Procedure for Preparing the Statement of Cash Flows To determine and present the cash flows from operating activities, the entity must apply the indirect method, through which the income before income tax is increased or decreased; this amount is adjusted for the effects of operations from previous periods collected or paid in the current period and; for operations of the current period of deferred collection or payment to the future; likewise, it is adjusted for operations that are associated with investing or financing activities.

Cash flows related to operating activities must be determined by increasing or decreasing the income before income tax by the effects of:
a) items considered associated with:
i. investing activities, for example, depreciation and gains or losses on the sale of properties, furniture, and equipment, amortization of intangible assets, impairment losses on long-term assets, as well as participation in the net income of other entities;
ii. financing activities, for example, interest associated with bank loans and from other organizations;
b) changes that occur during the period in the items that form part of the entity's working capital; that is, that occur in the balances of the operational items of the statement of financial position of the entities during the period, such as those indicated in paragraph 20.

Investing and Financing Activities
Entities must determine and present separately, after the operating activities item, the cash flows derived from the main concepts of gross collections and payments related to investing and financing activities, that is, collections and payments must not be offset against each other.

Conversion of Cash Balances or Flows in Foreign Currency In order to determine the changes in the balances of operational items in foreign currency of operating activities, these must be converted to the closing rate of the day published by the Bank of Mexico on its Internet website, www.banxico.org.mx, or the one that substitutes it, at the date of closing.

Cash flows from foreign currency transactions related to investing and financing activities will be converted to the entity's reporting currency by applying to the amount in foreign currency the closing rate of the day at the date in which each flow occurred, which will be the one published by the Bank of Mexico on the referred Internet page.

Gains or losses from changes originating from variations in the exchange rate are not cash flows. However, the effect of variations in the exchange rate of cash and cash equivalents maintained or to be paid in foreign currency is presented in the statement of cash flows in order to reconcile cash and cash equivalents at the beginning and at the end of the period. This effect must be presented separately from the items of operating, investing, and financing activities, within the item called "Effects from Changes in the Value of Cash and Cash Equivalents", referred to in paragraph 30, which includes the differences, if applicable, had the cash flows been presented at the closing exchange rate of the current period.

Effects of Inflation
When, in terms of what is established in NIF B-10 "Effects of Inflation", the economic environment corresponds to a non-inflationary environment, entities must present their statement of cash flows expressed in nominal values, while, if said economic environment is inflationary, entities must present their statement of cash flows expressed in monetary units of purchasing power at the date of closing of the current period.

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In cases where the economic environment of the entities is inflationary, as part of the operations that did not affect cash flows, the effects of inflation recognized in the period within the financial statements must be excluded, in order to determine a cash flow statement at nominal values. Such cash flows must be presented expressed in monetary units of purchasing power at the closing date of the current period.

When the environment of the entities has changed from non-inflationary to inflationary, the cash flow statements of previous periods must be presented expressed in monetary units of purchasing power of the closing date of the current period.

In cases where the economic environment of the entities has changed from inflationary to non-inflationary, the cash flow statements of previous periods must be presented expressed in the monetary units of purchasing power of the last cash flow statement presented within an inflationary environment and included in said comparative presentation.

Investments in other entities

Cash flows between the holding entity and its unconsolidated subsidiaries, associates, and joint ventures must be presented in the cash flow statement, i.e., they must not be eliminated; for example, cash flows related to intercompany operations or to the collection and payment of dividends.

In the preparation of the consolidated cash flow statement, cash flows that occurred in the period between the entities that form part of the economic entity being consolidated must be eliminated. For example, cash flows derived from intercompany operations, capital contributions, and dividends paid.

In cases where a controlling entity purchases or sells shares of a subsidiary to the non-controlling interest, the cash flows associated with said operation must be presented as financing activities, within the consolidated cash flow statement. This is because this operation is considered a transaction between owners.

Disclosure standards

The following must be disclosed in notes to the financial statements:
a) when cash flows related to income tax have been segregated into the different groups of activities within the cash flow statement, the total flows for said taxes must be disclosed; b) the amount of unused loans that may be available for operating activities or for the payment of investment or financing operations, indicating restrictions on the use of funds from said loans; c) relevant operations, of investment and financing, that have not required the use of cash or cash equivalents. For example, the acquisition of properties, furniture, and equipment through financing; d) the total amount of cash flows that represent surpluses for future investments or for payments of financing or returns to owners, as well as those increases in operating capacity, separated from the cash flows that are essentially required to maintain the operating capacity of the entity, and e) relevant changes, whether or not they required the use of cash or cash equivalents, in liabilities considered as part of financing activities, preferably, a reconciliation of the initial and final balances of said items must be made. An entity must disclose regarding liabilities from financing activities, the following:
i. changes in cash flows;
ii. changes derived from obtaining or losing control of subsidiaries and other businesses;
iii. the effect of changes due to exchange rate fluctuations;
iv. other relevant changes.

Likewise, the following must be disclosed with respect to acquisitions and disposals of subsidiaries and other entities:
a) the total consideration derived from said acquisitions or disposals breaking down:
i. the portion of the consideration paid or received in cash and cash equivalents, and
ii. the amount of cash and cash equivalents held by the subsidiary or entity acquired or disposed of at the date of acquisition or disposal;
b) the amount of assets and liabilities other than cash and cash equivalents of the subsidiary or entity acquired or disposed of at the date of acquisition or disposal. These amounts must be grouped by important items, and c) the amount of income tax payment attributable to the disposals of subsidiaries and other entities.

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NAME OF THE INVESTMENT FUND DISTRIBUTOR COMPANY ADDRESS CASH FLOW STATEMENT FROM __ OF __________ TO __ OF __________ OF ____ EXPRESSED IN PURCHASING POWER CURRENCY OF _________ OF _________ (1) (Thousands of pesos)

Operating Activities $
Income before income tax

Adjustments for items associated with investment activities Depreciation of properties, furniture, and equipment " Amortization of intangible assets " Losses or reversal of losses for impairment of long-term assets " Participation in the net result of other entities " Other adjustments for items associated with investment activities " Discontinued operations " Long-term assets held for sale or for distribution to owners " Adjustments for items associated with financing activities Interest associated with bank loans and other organizations " Interest on lease liabilities " Other interest " “_____ Sum Changes in operating items Changes in bank loans and other organizations Change in investments in financial instruments (securities) (net) $ Change in repo debtors (net) " Change in accounts receivable (net) " Change in sold collateral “ Change in assets/liabilities for employee benefits “ Change in other accounts payable “ Change in other provisions “ Refunds of income tax “ Payments of income tax “ Net cash flows from operating activities "_____

Investment Activities
Payments for long-term financial instruments " Collections from long-term financial instruments " Payments for acquisition of properties, furniture, and equipment " Collections from disposal of properties, furniture, and equipment " Payments for discontinued operations " Collections from discontinued operations " Payments for acquisition of subsidiaries " Collections from disposal of subsidiaries " Payments for acquisition of associates, joint ventures, and other permanent investments " Collections from disposal of associates, joint ventures, and other permanent investments " Dividend collections " Payments for acquisition of intangible assets " Collections from disposal of intangible assets " Other collections from investment activities " Other payments from investment activities " Net cash flows from investment activities "_____

Financing Activities
Collections from obtaining bank loans and other organizations $ Payments of bank loans and other organizations " Payments for lease liability " Collections from issuance of shares " Payments for capital repayments " Collections from issuance of financial instruments that qualify as capital " Payments associated with financial instruments that qualify as capital " Dividend payments " Payments associated with repurchase of own shares " Other collections from financing activities " Other payments from financing activities " Net cash flows from financing activities "_____

Net increase or decrease in cash and cash equivalents $ Effects from changes in the value of cash and cash equivalents " Cash and cash equivalents at the beginning of the period " Cash and cash equivalents at the end of the period $_____ The concepts appearing in this statement are shown in an enumerative but not exhaustive manner. (1) This line will be omitted if the economic environment is "non-inflationary."

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“ANNEX 7
ACCOUNTING CRITERIA FOR COMPANIES DISTRIBUTING SHARES OF INVESTMENT FUNDS CONTENT Series A. Criteria relating to the general scheme of accounting for companies distributing shares of investment funds A - 1 Basic scheme of the set of accounting criteria applicable to companies distributing shares of investment funds A - 2 Application of specific standards A - 3 Application of general standards A - 4 Supplementary application to accounting criteria Series B. Criteria relating to the concepts that make up the financial statements B - 1 Cash and cash equivalents B - 2 Repealed B - 3 Repos B - 4 Custody and administration of goods Series C. Criteria applicable to specific concepts C - 1 Repealed C - 2 Repealed Series D. Criteria relating to the basic financial statements D - 1 Statement of financial position D - 2 Statement of comprehensive income D - 3 Statement of changes in equity D - 4 Statement of cash flows

A-1 BASIC SCHEME OF THE SET OF ACCOUNTING CRITERIA APPLICABLE TO COMPANIES DISTRIBUTING SHARES OF INVESTMENT FUNDS Objective This criterion aims to define the basic scheme of the set of accounting guidelines applicable to companies distributing shares of investment funds (the entities).

Concepts that make up the basic structure of accounting in the entities The accounting of the entities will comply with the structure that, for the application of the Financial Reporting Standards (NIF), was defined by the Mexican Council for Financial Reporting and Sustainability Standards, A.C. (CINIF), in Series NIF A “Conceptual Framework” or that which replaces it, as well as what is established in criterion A-4 “Supplementary application to accounting criteria”.

Thus, the entities will observe the accounting guidelines of the NIF, except when, in the judgment of the National Banking and Securities Commission (CNBV), it is necessary to apply specific regulation or a specific accounting criterion, taking into consideration that the entities carry out specialized operations.

The CNBV regulation referred to in the previous paragraph will be at the level of recognition, valuation, presentation, and if applicable, disclosure standards, applicable to specific items within the financial statements of the entities, as well as those applicable to their preparation.

A-2 APPLICATION OF SPECIFIC STANDARDS
Objective and scope
This criterion aims to specify the application regarding the specific standards of the NIF, as well as clarifications to them.

The subject matter of this criterion is:
a) the application of some of the specific standards made known in the NIF, and b) the clarifications to the specific standards contained in the NIF.

Financial Reporting Standards
In accordance with what is established in criterion A-1 “Basic scheme of the set of accounting criteria applicable to companies distributing shares of investment funds”, the entities will observe, until there is an express pronouncement by the CNBV, the specific standards contained in the bulletins or NIF detailed below, or in the NIF that replace or modify them:

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Series NIF B “Standards applicable to financial statements as a whole” Accounting changes and corrections of errors ................................................................................................... B-1 Business combinations ................................................................................................................................. B-7 Consolidated or combined financial statements .............................................................................................. B-8 Interim financial reporting .............................................................................................................................. B-9 Effects of inflation ...................................................................................................................................... B-10 Disposal of long-term assets and discontinued operations ................................................................................. B-11 Offsetting financial assets and financial liabilities ........................................................................... B-12 Events after the reporting date ............................................................................................................... B-13 Earnings per share ............................................................................................................................................ B-14 Foreign currency translation ............................................................................................................... B-15 Determining fair value ................................................................................................................... B-17 Series NIF C “Standards applicable to specific concepts of financial statements” Investment in financial instruments ............................................................................................................... C-2 Accounts receivable ........................................................................................................................................... C-3 Prepayments ............................................................................................................................................. C-5 Property, plant and equipment ............................................................................................................................ C-6 Investments in associates, joint ventures and other permanent investments ......................................................................................................................... C-7 Intangible assets ............................................................................................................................................ C-8 Provisions, contingencies and commitments ...................................................................................................... C-9 Equity
.............................................................................................................................................. C-11 Financial instruments with characteristics of liability and equity ......................................................................................................................................................... C-12 Related parties ........................................................................................................................................ C-13 Transfer and derecognition of financial assets .................................................................................................... C-14 Impairment of long-term assets .................................................................................................................... C-15 Impairment of financial assets receivable ........................................................................................... C-16 Obligations associated with the removal of properties, plant and equipment ................................................................................................................................................ C-18 Financial instruments payable .................................................................................................................. C-19 Financial instruments to collect principal and interest ................................................................................ C-20 Joint control agreements ........................................................................................................................ C-21 Series NIF D “Standards applicable to income determination problems” Revenue from contracts with customers .................................................................................................................. D-1 Costs from contracts with customers ..................................................................................................................... D-2 Employee benefits .............................................................................................................................. D-3 Income taxes ...................................................................................................................................... D-4 Leases ................................................................................................................................................. D-5 Capitalization of comprehensive financing income .................................................................................... D-6 Share-based payments ............................................................................................................................. D-8 Likewise, the glossary of terms of the NIF will be applicable, with respect to the NIF detailed in this paragraph. Additionally, the entities will observe the NIF issued by CINIF on topics not foreseen in the accounting
criteria for companies distributing shares of investment funds, provided that:
a) they are in force; b) they are not applied in advance to their validity; c) they do not contravene the philosophy and general concepts established in the accounting criteria for companies distributing shares of investment funds, and d) there is no express pronouncement by the CNBV. Clarifications to the specific standards contained in the NIF Taking into consideration that the entities carry out specialized operations, it is necessary to establish clarifications that adapt the specific standards of recognition, valuation, presentation, and if applicable, disclosure, established by CINIF. In virtue of this, the entities, when observing what is established in the previous paragraphs, must comply with the following:
B-9 Interim financial reporting
The provisions of NIF B-9 must be applied to financial information issued at interim dates, including the quarterly information that must be published in accordance with the General Provisions applicable to the financial information of investment fund distributors published by the CNBV (the Provisions).

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For the purposes of the disclosure of information issued at interim dates, entities must observe the provisions regarding the disclosure of financial information contained in criterion A-3 “Application of general standards”.

B-10 Effects of inflation

Determination of the monetary position

In the case of an inflationary environment based on what is stated in NIF B-10, entities must disclose the initial balance of the main monetary assets and liabilities used to determine the monetary position of the period, differentiating, where applicable, those that affect from those that do not affect the comprehensive financing margin.

Price index

Entities must use the value of the Investment Unit (UDI) as the price index.

Result from monetary position

The result from monetary position (REPOMO) that has not been capitalized in terms of what is established in NIF B-10, must be presented in the statement of comprehensive income in a specific item within the comprehensive financing margin when it comes from comprehensive financing margin items; otherwise, it will be presented within the item of other income (expenses) of the operation.

B-11 Disposal of long-lived assets and discontinued operations

Entities must disclose the breakdown of the net amount generated by discontinued operations required in NIF B-11, as well as the amount of income from continuing operations and from discontinued operations attributable to the controlling interest instead of presenting such information in the statement of comprehensive income.

B-15 Conversion of foreign currencies

For transactions carried out by the entity in accordance with NIF B-15, the exchange rate to be used to establish the equivalence of the national currency with the United States dollar will be the closing daily exchange rate on the date of the transaction or preparation of the financial statements, as applicable, published by the Bank of Mexico on its website www.banxico.org.mx or the one that replaces it.

In the case of currencies other than the United States dollar, they must convert the respective currency to United States dollars. To carry out such conversion, they will consider the quotation that governs the corresponding currency in relation to the aforementioned dollar in international markets, as established by the Bank of Mexico in the applicable regulation.

C-2 Investment in financial instruments

The exception for entities to irrevocably designate, upon initial recognition, a financial instrument to collect and sell, to be subsequently valued at its fair value with effects in net income, as referred to in paragraph 32.6 of NIF C-2, will not be applicable.

Reclassifications

Entities that carry out reclassifications of their investments in financial instruments under section 44 of NIF C-2 must inform this fact in writing to the CNBV within 10 business days following the authorization issued for such purposes by its Risk Committee, detailing the change in the business model that justifies it.

C-3 Accounts receivable

Scope

NIF C-3 “Accounts receivable” (NIF C-3) will only be applicable to the “other accounts receivable” referred to in paragraph 20.1 of said NIF.

For the purposes of NIF C-3, accounts receivable derived from the operations referred to in criterion B-3 “Repurchase agreements”, issued by the CNBV, must not be included. This is because the recognition, valuation, presentation, and disclosure standards applicable are contemplated in the cited criterion.

C-13 Related parties

For the purposes of complying with the disclosure standards contained in NIF C-13, entities must additionally consider as a related party:
a) the members of the board of directors of the entity, the controlling company, or the financial entities and companies that are part of the financial group to which, where applicable, it belongs; b) persons other than key management personnel or relevant executives or employees who, by their signature, can generate obligations for the entity; c) legal entities in which the key management personnel or relevant executives of the entity are directors or administrators or occupy any of the first three hierarchical levels in said legal entities, and d) legal entities in which any of the persons indicated in the preceding subsections, as well as in NIF C-13, have command power, understood as the factual capacity to influence decisively the agreements adopted in shareholders' meetings or board of directors sessions or in the management, conduct, and execution of the business of the entity in question or of the legal entities it controls.

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In addition to the disclosures required by NIF C-13, entities must disclose in aggregate, through notes to the financial statements, for related-party operations that may be carried out, the following information:
a) a generic description of the operations, such as:
credits received; operations with financial instruments in which the issuer and the holder are related parties; repurchase agreements; provision and receipt of services, such as: promotion, distribution of investment fund shares, third-party advisory, custody and administration, among others; guarantees received; liquidation or substitution of liabilities on behalf of the entity or by the entity on behalf of another related party; payments and collections based on shares, and those carried out through any person, trust, entity, or other legal figure, when the counterparty and source of payment for such operations depend on a related party; b) any other information necessary for the understanding of the operation, and c) the total amount of employee benefits granted to the key management personnel or relevant executives of the entity.

Only the disclosure of related-party operations representing more than 5% of the equity capital of the month prior to the date of preparation of the corresponding financial information is required.

C-14 Transfer and derecognition of financial assets

With respect to collateral received as referred to in paragraph 44.7 of NIF C-14, the recipient must recognize the collateral received in off-balance sheet accounts. In cases where the recipient has the right to sell or pledge the collateral, the transferor must reclassify the asset, presenting it as restricted.

Recognition of financial assets

When the transfer results in the derecognition of the financial asset by the transferor, the receiving entity must recognize a financial asset (or portion thereof) or a group of financial assets (or portion of said group) in its statement of financial position, if and only if, it acquires the rights and contractual obligations related to said financial asset (or portion thereof). For this, the entity must:
a) recognize the financial assets received at their fair value, which presumably corresponds to the price agreed upon in the transfer operation. Subsequently, said assets must be valued according to the corresponding criterion in accordance with their nature; b) recognize the new rights obtained or new obligations incurred as a result of the transfer, valued at their fair value; c) derecognize the consideration granted in the operation at its net book value (for example, considering any associated estimate) and recognizing in the results of the period any item pending amortization related to said consideration; d) recognize in the results of the period any differential, if any, as a result of the transfer operation.

C-16 Impairment of receivable financial instruments

Estimation of expected credit losses

For those accounts receivable, entities must create, where applicable, an estimate that reflects their degree of uncollectibility. Such estimate must be obtained by applying what is provided in section 42 of NIF C-16.

With respect to operations with immediate collection documents not collected as referred to in criterion B-1 “Cash and cash equivalents”, 15 calendar days following the date on which they were transferred to the item that gave rise to them, they will be classified as overdue debts and their estimate must be constituted simultaneously for the total amount thereof.

When the entity uses the practical solutions referred to in paragraph 42.6 of NIF C-16, the constitution of estimates must be for the total amount of the debt and must not exceed the following deadlines:
a) 60 calendar days following their initial registration, when they correspond to unidentified debtors, and b) 90 calendar days following their initial registration, when they correspond to identified debtors.

No estimate of expected credit losses will be constituted for:
a) tax balances in favor, and b) creditable value-added tax.

C-19 Financial instruments payable

Scope

For the purposes of NIF C-19, liabilities related to the operations referred to in criterion B-3 are not included, as these are contemplated in said criterion.

Bank loans and loans from other organizations

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In the case of credit lines received by the entity in which not the entire authorized amount is utilized, the unused portion of them must not be presented in the statement of financial position. However, entities must disclose through notes to the financial statements the unused amount, attending to what is established in criterion A-3, regarding the disclosure of financial information.

Initial recognition of a financial instrument payable

What is established in paragraph 41.1.1 item 4 of NIF C-19, regarding using the market rate as the effective interest rate in the valuation of the financial instrument payable when both rates are substantially different, will not be applicable.

Financial instruments payable valued at fair value

The exception for entities to irrevocably designate, upon initial recognition, a financial instrument payable to be subsequently valued at its fair value with effect in net income, as referred to in section 42.2 of NIF C-19, will not be applicable.

C-20 Financial instruments to collect principal and interest

Initial recognition of a financial instrument to collect principal and interest

What is established in paragraph 41.1.1 item 4 of NIF C-20 regarding using the market rate as the effective interest rate in the valuation of the financial instrument to collect principal and interest when both rates are substantially different, will not be applicable.

Fair value option

The exception for entities to irrevocably designate, upon initial recognition, a financial instrument to collect principal and interest, to be subsequently valued at its fair value with effect in net income, as referred to in paragraph 41.3.4 of NIF C-20, will not be applicable.

Loans to officials and employees

Interest originating from loans to officials and employees will be presented in the statement of comprehensive income in the item of other income (expenses) of the operation.

D-3 Employee benefits

Through notes to the financial statements, the identification of obligations for employee benefits must be disclosed in: short-term direct benefits, long-term direct benefits, termination benefits, and post-employment benefits.

D-4 Income taxes

With respect to the disclosure required in NIF D-4 on the concepts of temporary differences, additionally, those differences related to the comprehensive financing margin and to the main operations of the entities must be disclosed.

D-5 Leases

Finance leases

For the purposes of the requirements established in paragraph 42.1.4 item c) and item d) of NIF D-5, it will be understood that the lease term covers most of the economic life of the underlying asset, if such lease covers at least 75% of its useful life. Likewise, the present value of lease payments is substantially all of the fair value of the underlying asset, if such present value constitutes at least 90% of said fair value.

A-3 APPLICATION OF GENERAL STANDARDS

Objective and scope
The present criterion aims to specify the establishment of general application standards that entities must observe.

Restricted assets

These are considered to be all those assets regarding which there are circumstances by which they cannot be disposed of or used, and must remain in the same item from which they originated. Likewise, those assets resulting from operations that do not settle on the same day, i.e., are received with a value date different from the negotiation date, will be considered part of this category.

For this type of asset, this fact and its balance by type of operation must be disclosed in a note to the financial statements.

Goods promised for sale or with reservation of ownership

In cases where a promise of purchase or sale contract with reservation of ownership is entered into, the good must be recognized as restricted, according to the type of good in question, at the same book value it had on the date of signing said contract, even if a price higher than the same has been agreed. Said good will follow the same valuation, presentation, and disclosure standards, in accordance with the accounting standards corresponding to it.

Payments received on account of the good will be recorded in liabilities as an advance payment. 6

On the date on which the good promised for sale or the purchase and sale with reservation of ownership is alienated, the profit or loss generated must be recognized in the results of the period as other income (expenses) of the operation.

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In the event that the contract is rescinded, the good will cease to be recognized as restricted and those advance payments on which the entity can dispose or must liquidate in accordance with the conditions of the contract, will be recognized in the results of the period as other income (expenses) of the operation, or as other accounts payable, as applicable.

Commissions

The amount of commissions charged or paid by entities, linked to the provision of services to investment funds, will be recognized in the results of the period in accordance with what is established in NIF D-1 “Revenue from contracts with customers” or NIF D-2 “Costs from contracts with customers”, as applicable.

Liquidation accounts

With respect to the active and passive operations carried out by entities, for example, in matters of investments in financial instruments and repurchase agreements, once these reach their maturity and while the corresponding settlement is not received or delivered, as agreed in the respective contract, the amount of the operations due or payable must be registered in liquidation accounts (debtors or creditors for settlement of operations).

Likewise, for operations in which immediate settlement or same-day value date is not agreed, including those involving the sale and purchase of currencies linked to their corporate purpose, on the negotiation date, the amount to be received or paid must be registered in liquidation accounts, until its settlement is effected. The estimate of expected credit losses corresponding to the aforementioned amounts to be received must be determined in accordance with what is established in NIF C-16 “Impairment of receivable financial instruments”.

For the purposes of the presentation of financial statements, liquidation accounts will be presented in the item of other accounts receivable (net) or other accounts payable, as applicable. The balance of debtor and creditor liquidation accounts may be offset in terms of what is established by the offsetting rules provided in NIF B-12 “Offsetting of financial assets and financial liabilities”.

With respect to the operations referred to in paragraph 11, the balance to be received or paid thereof must be disclosed, for each type of operation from which they originate, (currencies linked to their corporate purpose, investments in financial instruments, repurchase agreements, etc.), specifying that these are operations agreed upon in which their settlement remains pending.

Estimates and various provisions

Estimates or provisions with indefinite and/or unquantifiable purposes must not be created, increased, or decreased against the results of the period. In any case, entities must attend to the regulation that the CNBV indicates regarding the determination of estimates or provisions.

Accrued interest

Accrued interest for the different asset or liability items must be presented in the statement of financial position together with their corresponding principal.

Recognition or cancellation of assets and/or liabilities

The recognition or cancellation in the financial statements of assets and/or liabilities, including those resulting from operations involving the sale and purchase of currencies linked to their corporate purpose, investments in financial instruments, and repurchase agreements, will be carried out on the date on which they economically affect the entity, regardless of the date on which they are carried out.

Disclosure of financial information

With respect to the disclosure of financial information, what is established in NIF A-1 “Conceptual Framework of Financial Reporting Standards” (NIF A-1), Chapter 80 “Presentation and disclosure”, must be taken into account, regarding that the responsibility to provide information about the economic entity rests with its administration. Such information must meet certain fundamental qualitative characteristics and enhancements, such as relevance, faithful representation, comparability, verifiability, timeliness, and understandability based on what is provided in NIF A-1, Chapter 40 “Qualitative characteristics of financial statements”.

Entities in complying with the disclosure standards provided in these accounting standards must consider materiality in terms of NIF A-1, Chapter 40 “Qualitative characteristics of financial statements”, that is, they must show the most important aspects of the entity recognized accountingly as this characteristic associated with relevance indicates.

The foregoing implies, among other elements, that materiality requires the exercise of professional judgment regarding the circumstances that determine the facts reflected by the financial information. In the same sense, an appropriate balance must be obtained between the qualitative characteristics of financial information in order to fulfill the objective of financial statements, for which an optimal point must be sought rather than the achievement of maximum levels of all qualitative characteristics.

Nevertheless, with respect to materiality, it will not be applicable to the information:
a) required by the CNBV through general provisions issued for such purposes, other than those contained in these criteria; b) additional specific required by the CNBV, related to its supervisory activities, and c) required through the issuance or authorization, where applicable, of special accounting criteria or records.

Valuation of the UDI

The value made known by the Bank of Mexico in the Official Gazette, applicable on the date of valuation, must be used.

Thursday, September 4, 2025 OFFICIAL GAZETTE 175 A-4 SUPPLEMENTARY APPLICATION OF ACCOUNTING CRITERIA Objective and scope This criterion aims to clarify the application of the standards contained in NIF A-1, Chapter 90 "Supplementarity" (NIF A-1, Chapter 90) issued by CINIF, considering that, when applying it, financial information is being prepared and presented in accordance with accounting criteria for distribution companies of investment fund shares.

Definition
For the purposes of the accounting criteria for distribution companies of investment fund shares, the supplementary process applies when, in the absence of specific accounting standards issued by the CNBV in particular, and by CINIF in general, these are covered by a formal and recognized set of standards.

Concept of supplementarity and basic standard
In the absence of a specific accounting criterion from the CNBV for entities and, secondarily, for credit institutions, or in a broader context, from the NIFs, the bases for supplementarity provided in NIF A-1, Chapter 90, mentioned above, shall be applied, together with what is provided in the provisions of this criterion.

Other supplementary regulations
Only in the event that the International Financial Reporting Standards (IFRS) referred to in NIF A-1, Chapter 90, do not provide a solution for accounting recognition, one may opt for a supplementary standard belonging to any other regulatory scheme, provided it meets all the requirements indicated in the aforementioned NIF A-1, Chapter 90, for a supplementary standard, as well as those provided in paragraph 6 of this criterion, applying supplementarity in the following order:
a) Generally Accepted Accounting Principles (GAAP) definitive, applicable in the United States of America, and b) any accounting standard that is part of a formal and recognized set of standards. For the purposes of the preceding paragraph, it is considered that the GAAP applicable in the United States of America include both official (authoritative) and non-official (nonauthoritative) sources, as established in Topic 105 of the Accounting Standards Codification (ASC) (Codification) of the Financial Accounting Standards Board (FASB), in the following order:
a) official sources: the Codification, rules or interpretations of the Securities and Exchange Commission (SEC), accounting bulletins of the SEC staff (Staff Accounting Bulletins), and SEC positions regarding the Consensus of the Board on Emerging Issues of the FASB (FASB Emerging Issues Task Force, EITF), and b) non-official sources: widely recognized and preponderant practices either generally or in a specific industry, FASB Concepts Statements, documents of the American Institute of Certified Public Accountants (AICPA, Issues Papers), pronouncements of professional associations or regulatory agencies, and questions and answers of the Technical Information Service included in AICPA Technical Practice Aids.

Requirements of a supplementary standard and rules of supplementarity In addition to what is established in the aforementioned NIF A-1, Chapter 90, the standards applied supplementarily must comply with the following:
a) they cannot be applied in advance; b) they must not contravene the philosophy and general concepts established in the accounting criteria applicable to distribution companies of investment fund shares; c) the supplementary process, if any, provided within each of the standards used supplementarily shall not be applicable, except when such supplementarity meets the aforementioned subsections and has the authorization of this CNBV, and d) the standards that have been applied in the supplementary process shall be replaced when a specific accounting criterion is issued by the CNBV or an NIF, on the subject on which said process was applied.

Disclosure rules
Entities that follow the supplementary process recorded in this criterion must communicate in writing to the CNBV vice-presidency responsible for their supervision within 10 natural days following its application, the accounting standard that has been adopted supplementarily, as well as its basis of application and the source used. Additionally, entities must disclose through notes to the financial statements, the information requested in the aforementioned NIF A-1, Chapter 90, and the quantification of their impacts on the financial statements. B-1 CASH AND CASH EQUIVALENTS Objective and scope This criterion aims to define the specific standards relative to the recognition, valuation, presentation, and disclosure in the financial statements of the items that make up the cash and cash equivalents item in the statement of financial position of entities.

Definitions
Cash.- It is the legal tender and foreign currency in cash, and in deposits at financial institutions made in the country or abroad available for the entity's operation; such as, availability in checking accounts, bank drafts, telegraphic or postal transfers, and remittances in transit. Cash equivalents.- They are short-term, highly liquid values, easily convertible to cash that are subject to insignificant risks of changes in their value and are held to meet short-term commitments rather than for investment purposes; they may be denominated in national or foreign currency; for example, the purchase of currencies linked to their corporate purpose that according to applicable regulation are not considered derivatives, immediate collection documents, and highly liquid financial instruments. Highly liquid financial instruments.- They are securities whose disposal is expected within a maximum of 48 hours from their acquisition, generate returns, and have insignificant risks of changes in their value. Deposits at financial institutions represented or invested in securities, which do not meet the assumptions provided in the two preceding paragraphs, shall be subject to NIF C-2 "Investment in financial instruments".

Recognition standards
Cash shall be initially recognized at its fair value, which is its nominal value. 6 All cash equivalents, upon initial recognition, must be valued at their fair value. 7 The returns generated by cash and cash equivalents shall be recognized in the results of the period as they accrue. 8 Immediate collection documents "firm" shall be recognized as follows:
a) in the case of transactions with entities in the country, they must not contain unpaid items after 2 business days from the operation that gave rise to them, nor those that having been deposited in banks have been subject to return. b) when corresponding to transactions with entities abroad, they must be recorded in cash and cash equivalents only if they are collectible within a maximum period of 5 business days. When the documents indicated in the preceding paragraph have not been collected within the aforementioned timeframes (2 or 5 days, as applicable), the amount of these shall be transferred to the item that gave rise to them, that is, if they come from various debtors, the provisions of NIF C-3 or NIF C-20 "Financial instruments to collect principal and interest" shall be attended to. Immediate collection documents "subject to good collection", of operations carried out with entities in the country or abroad, shall be recorded in off-balance sheet accounts in the item of other registration accounts. Currencies acquired linked to their corporate purpose that are agreed to be settled on a date subsequent to the negotiation of the purchase-sale operation shall be recognized on said negotiation date as restricted cash and cash equivalents (currencies to receive), while, sold currencies shall be recorded as an outflow of cash and cash equivalents (currencies to deliver). The counterparty must be a clearing, creditor, or debtor account, as applicable, in accordance with what is established in criterion A-3 "Application of general standards".

Presentation standards
Statement of financial position
The item of cash and cash equivalents shall be shown in the statement of financial position of entities as the first item that makes up the asset, including restricted cash and cash equivalents. In the event that there is an overdraft in checking accounts reported in the statement issued by the corresponding credit institution, the amount of the overdraft must be presented in the item of other accounts payable, even if other checking accounts with the same credit institution are maintained. Likewise, if the compensated balance of currencies to receive with currencies to deliver, or if any concept that makes up the item of cash and cash equivalents, were to show a negative balance, said concept must be presented in the item of other accounts payable. Statement of comprehensive income The returns generated by deposits at financial institutions, as well as the valuation effects of those constituted in foreign currency, shall be presented in the statement of comprehensive income, as an interest income or expense, which, together with the results from valuation and sale of currencies linked to their corporate purpose, will be grouped in the item of comprehensive financing margin, to which criterion D-2 "Statement of comprehensive income" refers.

Disclosure rules
The item of cash and cash equivalents shall be broken down through notes to the financial statements including, as appropriate, cash, deposits at financial institutions made in the country and abroad, and finally, other cash equivalents. Likewise, the following rules must be observed, as appropriate:
a) when any item within the item has a restriction regarding availability or purpose to which it is destined, its amount, the reasons for its restriction, and the probable date on which it will expire must be disclosed.

Thursday, September 4, 2025 OFFICIAL GAZETTE 177 b) in the event that the balance of cash and cash equivalents is presented in the liability, in terms of what is stated in paragraph 16, this fact and the causes that gave rise to it must be disclosed. c) the existence of cash and cash equivalents denominated in foreign currency must be disclosed, indicating its amount, type of currency involved, settlement term, quotations used for its conversion, and its equivalent in national currency. d) disclose the effect of subsequent events that, due to their importance, have substantially modified the valuation of cash and cash equivalents in foreign currency and in highly liquid financial instruments, between the date of the financial statements and the date on which they are authorized for issuance, in accordance with NIF B-13 "Subsequent events after the date of the financial statements". B-3 REPO OPERATIONS Objective and scope This criterion aims to define the specific standards relative to the recognition, valuation, presentation, and disclosure in the financial statements of repo operations. Repo operations that, as applicable, entities carry out on behalf of third parties, are contemplated in criterion B-4 "Custody and administration of assets". The treatment of operations that, in accordance with what is established in NIF C-14 "Transfer and derecognition of financial assets", meet the requirements to derecognize the financial assets subject to the same, in virtue that the risks, benefits, and control of said financial assets are transferred, is not the object of this criterion, therefore, what is established in NIF C-2 "Investment in financial instruments" shall be attended to.

Definitions
Financial asset.- A right arising from a contract, which provides monetary economic resources to the entity. Therefore, it includes, among others:
a) cash or cash equivalents; b) financial instruments generated by a contract, such as an investment in a debt or equity instrument issued by a third party; c) a contractual right to receive cash or any other financial instrument from another entity; d) a contractual right to exchange financial assets or financial liabilities with a third party on favorable conditions for the entity, or e) a right that will be collected with a variable number of equity instruments issued by the entity itself. Substantially similar financial assets.- Those financial assets that, among others, maintain the same primary obligor, identical form and type (therefore generating substantially the same risks and benefits), same maturity date, identical contractual interest rate, similar collateral, same outstanding balance. Derecognition of financial assets.- It is the total or partial elimination of a financial asset, previously recognized in the statement of financial position of an entity, which takes place when that item no longer meets the definition of an asset, that is, when the entity loses control over it. Collateral.- It is the safeguard constituted by an asset or group of assets to guarantee the payment of agreed counterperformances. For the purposes of repo operations, the collateral will at all times be those permitted in accordance with current regulation. Counterperformances.- Cash and cash equivalents, the right to receive all or specific portions of cash flows from a trust, entity, or other figure, equity instruments, or any other type of asset that is obtained in a transfer of financial assets, including any obligation incurred. For the purposes of repo operations, the counterperformances will at all times be those permitted in accordance with current regulation. Amortized cost.- It is a historical cost valuation basis applicable to financial assets and financial liabilities and reflects the present value of future flows. For variable rate instruments, the discount rate is updated to reflect changes in it. The amortized cost of a financial asset or financial liability is updated over time to describe subsequent changes, such as the accrual of interest, the impairment of the financial asset, and collections and payments. Equity instruments.- Any document or title originating from a contract, which evidences the participation or the option to participate in the net assets of an entity. Effective interest method.- It is the one used in the calculation of the amortized cost of a financial instrument to distribute its effective interest income or expense in the corresponding periods of the life of the financial instrument. Cash-oriented repo operations.- Transaction motivated by the need of the reporting party to obtain cash financing and the intention of the reporting entity to invest its excess cash. Securities-oriented repo operations.- Transaction motivated by the need of the reporting entity to temporarily access certain specific financial instruments
and the intention of the reporting party to increase the returns of its investments in financial instruments. Fixed price at maturity.- It is that right or obligation, as applicable, represented by the agreed price plus the repo interest, agreed in the operation. Agreed price.- It represents the right or obligation to receive or deliver resources, agreed at the beginning of the operation. Reporting party.- That entity that receives cash, through a repo operation in which it transfers financial assets as collateral, with the obligation to reintegrate to the reporting entity at the end of the operation the cash and the agreed repo interest.

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Repo Lender.- That entity that delivers cash, through a repo operation, in which it receives financial assets as collateral, with the obligation to return them to the Repo Borrower at the end of the operation and receiving the cash plus the agreed repo interest.

Repo.- Operation by means of which the Repo Lender acquires, for a sum of money, the ownership of negotiable instruments, and undertakes to transfer to the Repo Borrower the ownership of an equal number of titles of the same kind, within the agreed term and against reimbursement of the same price plus a premium. The premium remains for the benefit of the Repo Lender, unless otherwise agreed.

Effective interest rate.- It is the rate that exactly discounts the estimated future cash flows to be collected or settled during the expected life of a financial instrument in determining its amortized cost; its calculation must consider contractual cash flows and transaction costs related thereto.

Repo rate.- It is the agreed rate with which the payment of interest for the use of cash in the repo operation is determined.

Fair value.- It is the exit price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the valuation date.

Characteristics

Economic and legal substance of repo operations

For legal purposes, repo operations are considered as a sale, where an agreement to repurchase the transferred financial assets is established. However, the economic substance of repo operations is that of collateralized financing, where the Repo Lender delivers cash as financing, in exchange for obtaining financial assets that serve as protection in case of default.

Regarding this, the financial assets provided as collateral by the Repo Borrower to the Repo Lender, which do not meet the requirements for derecognition in terms of what is established by NIF C-14, continue to be recognized in their statement of financial position, since they retain the risks, benefits, and control thereof; that is, if there were any change in the fair value, accrual of interest, or if dividends were declared on the financial assets provided as collateral, the Repo Borrower is the one exposed, and therefore, recognizes such effects in its financial statements.

In contrast, those operations where economically the Repo Lender acquires the risks, benefits, and control of the transferred financial assets cannot be considered as repo operations, being subject to NIF C-2.

Intention of repo operations

In repo operations, there are generally two types of intentions, either from the Repo Borrower or the Repo Lender: "cash-oriented" or "value-oriented".

In a "cash-oriented" repo, the intention of the Repo Borrower entity is to obtain cash financing, using financial assets as collateral for this purpose; on the other hand, the Repo Lender obtains a return on its investment at a certain rate and, not seeking any specific value, receives financial assets as collateral to mitigate the credit risk exposure it faces with respect to the Repo Borrower.

In this sense, the Repo Borrower pays the Repo Lender interest on the cash received as financing, calculated based on the agreed repo rate (which is usually lower than the rate existing in the market for financing without collateral). On the other hand, the Repo Lender achieves returns on its investment whose payment is secured through the collateral.

In a "value-oriented" repo, the intention of the Repo Lender is to temporarily access certain specific values possessed by the Repo Borrower (for example, if the Repo Lender, through a previous repo operation in which it acts as Repo Borrower, contracted a commitment on a value similar to the object of the new operation), providing cash as collateral, which serves to mitigate the exposure to risk that the Repo Borrower faces with respect to the Repo Lender.

In this regard, the Repo Borrower pays the Repo Lender the agreed interest at the repo rate for the implicit financing obtained on the cash received, where said repo rate is generally lower than what would have been agreed in a "cash-oriented" repo.

In repo operations, it is usual to agree on a contracted price whose value is above or below the exchanged cash, so the difference between the exchanged cash and the contracted price aims to protect the counterparty exposed to the risks of the operation (for example, against market risk). If the operation is "cash-oriented", the Repo Borrower generally grants financial assets as security at a contracted price lower than the market value, so its fair value is higher with respect to the cash received; in contrast, if it is "value-oriented", the Repo Lender generally receives titles as security at a contracted price higher than the market value, so its fair value is below the cash granted.

The delivery of collateral can occur at the beginning of the operation or during the life of the repo regarding variations in the fair value of the granted collateral.

Considering all the above, regardless of the economic intention, the accounting treatment of "cash-oriented" or "value-oriented" repo operations is the same.

Recognition and valuation standards

Repo Lender

On the date of contracting the repo operation, acting as Repo Lender, the entity must recognize the outflow of cash and cash equivalents or a creditor settlement account, registering a receivable account initially measured at the contracted price, which represents the right to recover the delivered cash.

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During the life of the repo, the receivable account referred to in the preceding paragraph shall be valued at its amortized cost, by recognizing the repo interest in the results of the period as it accrues, in accordance with the effective interest method, affecting said receivable account.

The financial assets that the Repo Lender has received as collateral must be treated in accordance with what is established in the following section.

Collateral granted and received other than cash

The collateral granted by the Repo Borrower to the Repo Lender (other than cash) must be recognized as follows:

a) the Repo Lender will recognize the received collateral in off-balance sheet accounts, following for its valuation the norms relative to custody operations of criterion B-4;

b) the Repo Lender, upon selling the collateral, must recognize the resources derived from the transaction, as well as a payable account for the obligation to return the collateral to the Repo Borrower (initially measured at the contracted price) which shall be valued at its fair value (any difference between the price received and the value of the payable account shall be recognized in the results of the period);

c) in the event that the Repo Borrower fails to meet the conditions established in the contract, and therefore cannot claim the collateral, the Repo Lender must recognize in its statement of financial position the entry of the collateral, as established in these criteria, according to the type of asset involved, against the receivable account referred to in paragraph 33, or in its case, if the collateral had previously been sold, it must derecognize the payable account referred to in subsection b), relative to the obligation to return the collateral to the Repo Borrower;

d) the Repo Lender must recognize the collateral only in off-balance sheet accounts, with the exception of what is established in subsection c) above, that is, when the risks, benefits, and control of the collateral have been transferred due to the default of the Repo Borrower;

e) the off-balance sheet accounts recognized for received collateral by the Repo Lender must be cancelled when the repo operation reaches its maturity or there is default by the Repo Borrower.

In the case of operations where the Repo Lender sells the received collateral, it must keep in off-balance sheet accounts control of said sold collateral, following for its valuation the norms relative to custody operations of criterion B-4.

The off-balance sheet accounts recognized for received collateral that have in turn been sold by the Repo Lender must be cancelled when the entity acquires the sold collateral to return it to the Repo Borrower or there is default by the counterparty.

Presentation standards

Statement of Financial Position

The receivable account, which represents the right to receive the cash, as well as the accrued interest, must be presented within the statement of financial position, under the item of receivables from repos.

The collateral received from the Repo Borrower must be presented in off-balance sheet accounts under the item of collateral received by the entity.

The payable account referred to in subsection b) of paragraph 36, which represents the obligation of the Repo Lender to return to the Repo Borrower the collateral that it had sold, must be presented within the statement of financial position, under the item of sold collateral.

The off-balance sheet accounts referred to in paragraph 38, regarding those collateral received by the Repo Lender that have in turn been sold, must be presented under the item of collateral received and sold by the entity.

Statement of Comprehensive Income

The accrual of repo interest derived from the operation will be presented under the item of interest income.

The difference referred to in subsection b) of paragraph 36, if any, generated by the sale of the collateral, will be presented under the item of result from buying and selling.

The fair value valuation of the payable account referred to in subsection b) of paragraph 36, which represents the obligation of the Repo Lender to return to the Repo Borrower the collateral that it had sold, will be presented under the item of result from fair value valuation.

Offsetting of financial assets and liabilities

For the purposes of offsetting between financial assets and liabilities, acting as Repo Lender, the entity must adhere to what is stated in NIF B-12 "Offsetting of financial assets and financial liabilities".

Disclosure standards

Entities must disclose through notes to the financial statements the following information corresponding to repo operations:

a) total amount of operations carried out;

b) amount of repo interest recognized in the results of the period;

c) average terms in the contracting of outstanding repo operations;

d) total amount by type of asset of the received collateral;

e) of the received and in turn sold collateral;

f) the total amount by type of asset, and

g) the agreed rate in relevant operations.

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B-4 CUSTODY AND ADMINISTRATION OF ASSETS

Objective and scope

This criterion aims to define the particular norms relative to the recognition, valuation, presentation, and disclosure in the financial statements of custody and administration of assets operations carried out by entities.

Within the administration operations that are the subject of this criterion, operations carried out by entities on behalf of third parties are contemplated, such as the buying and selling and repurchase of investment fund shares, the deposit and custody service that entities may grant to the holders of investment fund shares, and the management of resources belonging to third parties, in accordance with applicable legislation.

Custody of assets that by their nature or by contractual agreement do not grant the responsibility of safeguarding to entities is not included within this criterion.

Definitions

Assets in custody or administration.- Cash or investment fund shares belonging to third parties, delivered to the entity for their safeguard or administration.

Acquisition cost.- It is the amount paid in cash or cash equivalents, or the fair value of the consideration delivered for an asset or service at the time of its acquisition.

Purchase expenses, including premiums or discounts, as well as brokerage commissions, are an integral part of the acquisition cost.

Administration operations.- Those carried out by the entity, in which it provides administrative services on certain assets, receiving, if applicable, a commission as consideration.

Custody operations.- Those carried out by the entity, for which it is responsible for the safeguard of cash or investment fund shares, belonging to third parties that are delivered to its facilities or to whom it has subcontracted the service, receiving a commission for it.

Fair value.- It is the exit price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the valuation date.

Characteristics

Cash or investment fund shares belonging to third parties may be the subject of custody, administration, or a combination of both operations.

By the essence of this type of operations, the assets in custody or administration are not the subject of recognition by the entities:

a) since the entities do not acquire the rights and contractual obligations related to the financial assets in custody or administration, and

b) the definition of "asset" contained in NIF A-1, Chapter 50 is not met.

Notwithstanding the above, the entity is responsible for the assets in custody or administration, assuming a risk in case of their loss or damage.

In addition, within the administration services that the entity may provide, are the operations of administration, alienation, and transfer of assets in custody or administration that are carried out in accordance with the prior instruction of its clients. Within these operations are included those of customer deposits and with financial instruments.

Recognition and valuation standards

Since the assets subject to this criterion do not represent assets of the entities, they must not form part of the rights and obligations recognized in the statement of financial position. However, the estimated amount for which the entity would be obligated to respond to its clients for any future contingency must be recognized in off-balance sheet accounts.

Income derived from custody or administration services will be recognized in the results of the period in accordance with what is established in NIF D-1 "Income from contracts with customers".

In the event that the entity has an obligation with the depositor for the loss or damage of the asset in custody or administration, the liability against the results of the period will be recognized in the entity's statement of financial position. The accounting recognition referred to in this paragraph will be carried out at the moment the entity becomes aware of said situation, regardless of any legal action by the depositor aimed at repairing the loss or damage.

Custody operations

The determination of the valuation of the estimated amount for assets in custody relative to the share titles of investment funds must be made at their fair value in accordance with what is established in NIF C-2 "Investment in financial instruments".

In the event that the assets in custody are also held in administration, they must be controlled in off-balance sheet accounts, separately from those assets received in custody.

Administration operations

The determination of the valuation of the estimated amount for assets in administration and operations on behalf of third parties will be made based on the operation carried out in accordance with these criteria. Within the various types of operations, the following are contemplated:

Customer deposits

Customer deposits in cash or cash equivalents must be controlled in off-balance sheet accounts separately from the investment fund shares received in custody. The valuation will be equivalent to the amount of cash received.

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Likewise, collections made for concept of operations with customer financial instruments, such as dividends and interest, must be recognized.

Investment fund shares

For those operations with investment fund shares that entities carry out on behalf of third parties, they must be controlled in off-balance sheet accounts and the titles received, and if applicable granted, shall be valued at their fair value in accordance with what is established in NIF C-2.

Presentation and disclosure standards

The liability arising from the obligation with the depositor for the loss or damage of the asset in custody or administration will be presented in the statement of financial position under the item of other payables, while in the results of the period it will be presented under the item of other income (expenses) from the operation.

The amount of assets in custody or administration will be presented in off-balance sheet accounts under the same item.

Income derived from custody or administration services recognized in the results of the period will be presented under the item of commissions and fees charged.

The following must be disclosed through notes to the financial statements:

Custody operations

a) amounts recognized for each type of asset in custody;

b) information regarding the type of assets, and

c) amount of income from the activity.

Administration operations

a) amounts recognized for each type of asset in administration;

b) information regarding the type of assets, and

c) amount of income from the activity.

Investment fund shares

a) information relative to investment fund shares on behalf of third parties;

b) information regarding the nature of these operations, specifying conditions and terms that could affect them, and

c) the property rights received.

Additionally, the amounts of customer deposits must be disclosed.

D-1 STATEMENT OF FINANCIAL POSITION

Background

Financial information must comply, among other things, with the purpose of presenting the financial situation of entities at a specific date, requiring the establishment, through specific criteria, of the objectives and general structure that the statement of financial position must have.

Objective and scope

This criterion aims to establish the general characteristics, and the structure that the statement of financial position of entities must have. Likewise, minimum guidelines are established with the purpose of standardizing the presentation of this financial statement among entities, and thus facilitate its comparability.

The statement of financial position aims to present information relative to resources (assets) and sources of financing (liabilities and equity) of the entity at a specific date.

The statement of financial position, therefore, must adequately and on consistent bases show the position of entities regarding their assets, liabilities, equity, and off-balance sheet accounts, in such a way that the economic resources available to said entities can be evaluated, as well as their financial structure.

In addition, the statement of financial position must fulfill the objective of being a useful tool for the analysis of different entities, so it is convenient to establish the concepts and general structure that said financial statement must contain.

Concepts that make up the statement of financial position

In a broad context, the concepts that make up the statement of financial position are: assets, liabilities, and equity, understood as such the concepts defined in NIF A-1, Chapter 50 "Basic elements of financial statements". Likewise, the off-balance sheet accounts referred to in this criterion form part of the concepts that make up the structure of the statement of financial position of entities.

Structure of the statement of financial position

The structure of the statement of financial position must group the concepts of asset, liability, equity, and off-balance sheet accounts, in such a way that it reflects their degree of liquidity or exigibility from greater to lesser, as appropriate.

In this way, the minimum items that must be included in the statement of financial position are the following:

Asset

cash and cash equivalents;

investments in financial instruments;

receivables from repos;

receivables (net);

182 OFFICIAL GAZETTE Thursday, September 4, 2025

long-term assets held for sale or for distribution to owners; advance payments and other assets; property, plant and equipment (net); right-of-use assets for property, plant and equipment (net); permanent investments; delayed income tax asset; intangible assets (net); right-of-use assets for intangible assets (net), and goodwill.

Liability bank loans and from other entities; sold collateral; lease liability; other payables; liabilities related to groups of assets held for sale; financial instruments that qualify as liabilities; obligations associated with the removal of components of property, plant and equipment; income tax liability; employee benefits liability, and delayed credits and advance collections.

Equity contributed capital, and retained earnings.

Off-balance sheet accounts contingent assets and liabilities; assets in custody or administration; collateral received by the entity; collateral received and sold by the entity, and other recording accounts.

Presentation of the Statement of Financial Position The items described above correspond to the minimum required for the presentation of the Statement of Financial Position; however, entities must disaggregate, either in the said financial statement or through notes, the concepts they consider necessary in order to show their financial situation to the user of the information. At the end of this criterion, a Statement of Financial Position prepared with the minimum items referred to in the previous paragraph is shown.

However, certain items of the Statement of Financial Position require special guidelines for their presentation, which are described below:

Investments in financial instruments
Different categories of investments in financial instruments will be presented within this item, such as negotiable financial instruments, financial instruments to collect and sell, and financial instruments to collect principal and interest (securities), the latter at their amortized cost (that is, including accrued but uncollected interest and net of items to amortize and expected credit losses).

Receivables from repurchase agreements
The debtor balance arising from repurchase operations referred to in the corresponding criterion will be presented immediately after the concept of investments in financial instruments.

Accounts receivable will be presented, considering among others, debtor clearing accounts, debtors for collateral granted in cash, and conditional accounts receivable, deducted, where applicable, from the estimate of expected credit losses.

Long-term assets held for sale or for distribution to owners Investments in long-term assets that are classified as held for sale or for distribution to owners, such as subsidiaries, associates, and joint ventures, as well as assets related to discontinued operations referred to in NIF B-11 "Disposal of long-term assets and discontinued operations," will be presented within this item.

Advance payments and other assets
Advance payments and other assets such as deferred charges, as well as other short-term and long-term assets, must be presented as a single item in the Statement of Financial Position. The employee benefits asset arising in accordance with what is established in NIF D-3 "Employee benefits" will be part of this item.

Right-of-use assets for property, plant and equipment (net) Those assets that represent the right of a lessee to use a property, plant, or equipment during the lease term, reduced by their accumulated depreciation, will be presented.

Thursday, September 4, 2025 OFFICIAL GAZETTE 183

Bank loans and from other entities
Bank loans and from other entities will be grouped within a specific item, disaggregated into:
a) short-term (amount of amortizations whose term to maturity is less than or equal to one year), and b) long-term (amount of amortizations whose term to maturity is greater than one year).

Sold collateral
Sold collateral representing the obligation to return the collateral received as guarantee from the counterparty in repurchase operations and other sold collateral will be presented within this item in an disaggregated manner.

Other payables
Among others, creditor clearing accounts, creditors for collateral received in cash, contributions payable, various creditors, and other payables will be part of this item, including in the latter overdrafts in checking accounts and the negative balance of the cash and cash equivalents item that, in accordance with what is established in criterion B-1 "Cash and cash equivalents," must be presented as a liability.

Liabilities related to groups of assets held for sale Liabilities related to groups of long-term assets held for sale, including discontinued operations, will be presented within this item.

Obligations associated with the removal of components of property, plant and equipment Obligations arising from the permanent removal from service of a component of property, plant, and equipment, in accordance with what is established in NIF C-18 "Obligations associated with the removal of property, plant and equipment," will be included in this item.

Income tax liability
The amount corresponding to taxes incurred, as well as the amount resulting from the delayed income tax liability, determined in accordance with what is established in NIF D-4 "Income taxes," will be presented in this item.

Employee benefits liability
The liability arising in accordance with what is established in NIF D-3, "Employee benefits," will be part of this item.

Delayed credits and advance collections
This item will be integrated by delayed credits and advance collections, such as advance collections received on account of goods promised for sale or with reservation of ownership, among others.

Equity
When preparing the consolidated Statement of Financial Position, the non-controlling interest that represents the part of the subsidiary's equity corresponding to non-controlling shareholders, will be presented in a separate line, immediately after retained earnings.

Off-balance sheet accounts
At the bottom of the Statement of Financial Position, situations or events that, according to the definitions of assets, liabilities, and equity mentioned above, should not be included within these concepts in the Statement of Financial Position of the entities, but that provide information about any of the following events, must be presented:
a) contingent assets and liabilities in accordance with NIF C-9 "Provisions, contingencies, and commitments"; b) assets in custody or administration; c) collateral received by the entity; d) collateral received and sold by the entity; e) other accounts that the entity considers necessary to facilitate accounting recording or to comply with applicable legal provisions.

184 OFFICIAL GAZETTE Thursday, September 4, 2025

NAME OF THE SHARE DISTRIBUTOR COMPANY FOR INVESTMENT FUNDS ADDRESS STATEMENT OF FINANCIAL POSITION AS ___ OF _____________ OF _____ EXPRESSED IN NATIONAL CURRENCY OF PURCHASING POWER OF __________ OF ____ (1) (Amounts in thousands of pesos)

ASSET AND LIABILITIES

CASH AND CASH EQUIVALENTS $ BANK LOANS AND FROM OTHER ENTITIES

Short-term "
Long-term " "
INVESTMENTS IN FINANCIAL INSTRUMENTS SOLD COLLATERAL Negotiable financial instruments $ Repurchases " Financial instruments to collect and sell " Other sold collateral " Financial instruments to collect principal and interest (securities) (net) " " RECEIVABLES FROM REPURCHASE AGREEMENTS " LEASE LIABILITY " ACCOUNTS RECEIVABLE (NET) " OTHER PAYABLES LONG-TERM ASSETS HELD FOR SALE OR FOR DISTRIBUTION TO OWNERS Creditors for clearing of operations " " Creditors for collateral received in cash " ADVANCE PAYMENTS AND OTHER ASSETS " Contributions payable " " Various creditors and other payables " "

PROPERTY, PLANT AND EQUIPMENT (NET) " LIABILITIES RELATED TO GROUPS OF

ASSETS HELD FOR SALE "
RIGHT-OF-USE ASSETS FOR PROPERTY, PLANT AND EQUIPMENT (NET)

" FINANCIAL INSTRUMENTS THAT QUALIFY

AS LIABILITIES

PERMANENT INVESTMENTS " Contributions for future capital increases pending formalization by their shareholders' meeting " Other " " DELAYED INCOME TAX ASSET " OBLIGATIONS ASSOCIATED WITH THE REMOVAL OF COMPONENTS OF PROPERTY, PLANT AND EQUIPMENT

INTANGIBLE ASSETS (NET) " "
RIGHT-OF-USE ASSETS FOR INTANGIBLE ASSETS (NET) " INCOME TAX LIABILITY "

GOODWILL " EMPLOYEE BENEFITS LIABILITY "

DELAYED CREDITS AND ADVANCE COLLECTIONS "

TOTAL LIABILITIES $

EQUITY

CONTRIBUTED CAPITAL
Share capital "
Fixed minimum "
Variable "
Contributions for future capital increases formalized by their shareholders' meeting " Share premium " Financial instruments that qualify as equity " RETAINED EARNINGS Capital reserves " Accumulated results " Other comprehensive income " Valuation of negotiable financial instruments " Valuation of financial instruments to collect and sell " Income and expenses related to assets held for disposal " Remedy of defined employee benefits " Result from holding non-monetary assets " Participation in OCI of other entities " "

TOTAL CONTROLLING INTEREST "
TOTAL NON-CONTROLLING INTEREST "

TOTAL EQUITY $

TOTAL ASSET $ TOTAL LIABILITIES AND EQUITY $

OFF-BALANCE SHEET ACCOUNTS
Contingent assets and liabilities $
Assets in custody or administration "
Collateral received by the entity "
Collateral received and sold by the entity "
Other recording accounts "
The concepts appearing in this statement are shown in an illustrative rather than exhaustive manner (1) This line will be omitted if the economic environment is "non-inflationary".

Thursday, September 4, 2025 OFFICIAL GAZETTE 185

D-2 STATEMENT OF COMPREHENSIVE INCOME
Background
Financial information must comply, among other things, with the purpose of reporting the results of an entity's operations during a defined accounting period, requiring the establishment, through specific criteria, of the object and general structure that the Statement of Comprehensive Income must have. This is with the purpose of obtaining elements of judgment regarding, among other issues, the level of operational efficiency, profitability, and financial risk.

Objective and scope
This criterion aims to establish the general characteristics for the presentation and structure of the Statement of Comprehensive Income, the minimum content requirements, and the general disclosure norms. Whenever this financial statement is prepared, entities must adhere to the structure and guidelines provided in this criterion, through which the presentation of this financial statement is sought to be homogenized among entities, and in this way, facilitate its comparability. The Statement of Comprehensive Income aims to present information relative to the result of the entity's operations during an accounting period.

Concepts that integrate the Statement of Comprehensive Income In a broad context, the concepts that integrate the Statement of Comprehensive Income are: income, costs, expenses, net result, and comprehensive result, considering as such the concepts thus defined in NIF A-1, Chapter 50 "Basic elements of financial statements."

Structure of the Statement of Comprehensive Income The minimum items that the Statement of Comprehensive Income must contain in entities are the following:
income (expenses) for services; operating result; result before income taxes; result from continuing operations; net result, and comprehensive result.

Presentation of the Statement of Comprehensive Income The items described above correspond to the minimum required for the presentation of the Statement of Comprehensive Income; however, entities must disaggregate, either in the said Statement of Comprehensive Income, or through notes to the financial statements, the content of the concepts they consider necessary in order to show their results to the user of financial information. At the end of this criterion, a consolidated Statement of Comprehensive Income prepared with the minimum items referred to in the previous paragraph is shown.

Characteristics of the items that compose the structure of the Statement of Comprehensive Income Income (expenses) for services Income (expenses) for services must be composed of the difference between commissions and fees charged and commissions and expenditures paid. Commissions and fees charged These are all commissions and fees generated by the entity, among which are those derived from the provision of promotion services, advice to third parties, purchase and sale of shares on behalf and order of the investment fund in question, and, where applicable, the generation of reports and consolidated investment statements, as well as for deposit, custody, or administration of resources on behalf of clients. Likewise, exchange gains will be considered, provided they come from items that are part of income (expenses) for services.

186 OFFICIAL GAZETTE Thursday, September 4, 2025

Commissions and expenditures paid
They are integrated by the total of commissions paid and generally by the expenditures incurred by the entity linked to the provision of services that they grant to investment funds, as well as by the exchange loss that comes from items that are part of income (expenses) for services.

Operating result
It corresponds to income (expenses) for services increased or decreased by the comprehensive financing margin, other operating income (expenses), and administration and promotion expenses. Comprehensive financing margin The comprehensive financing margin is composed of the following concepts:
a) interest income; b) interest expenses; c) result from valuation of financial instruments at fair value; d) result from sale and purchase of financial instruments, and e) net monetary position result related to items of the comprehensive financing margin (in the case of an inflationary environment).

Interest income
Interest income is considered, among others, those arising from financial operations, such as, deposits in financial entities, investments in financial instruments, repurchase operations, as well as dividends from investments in financial instruments that qualify as equity. Likewise, interest income is considered the valuation adjustments derived from items denominated in UDIS or in some other general price index, as well as exchange gains provided that such items come from positions related to income that are part of the financial margin.

Interest expenses
Interest expenses are considered those derived from bank loans and from other entities, those arising from lease liabilities, as well as the financial effect of provisions. Likewise, interest expenses are considered the valuation adjustments derived from items denominated in UDIS or in some other general price index, as well as exchange losses, provided that such concepts come from assets or liabilities related to the comprehensive financing margin.

Result from valuation of financial instruments at fair value It will be composed of the effect from valuation of negotiable financial instruments, sold collateral, estimate of expected credit losses for investments in financial instruments, and the result from valuation of currencies linked to their social object obtained in accordance with the guidelines established in the corresponding criteria.

Result from sale and purchase of financial instruments It corresponds to the gain or loss from sale and purchase of financial instruments (securities), currencies linked to their social object, as well as the result from sale of collateral received that entities carry out.

Net monetary position result (comprehensive financing margin) The net monetary position result referred to in paragraph 12 will be that which originates from items whose income or expenses are part of the comprehensive financing margin (in the case of an inflationary environment).

Other operating income (expenses)
Other operating income (expenses) are considered to be income and expenses derived from the entity's operation that are not included in the previous paragraphs, nor are part of administration and promotion expenses such as:
a) tax recoveries; b) adjustments to the estimate of expected credit losses; c) losses; d) loss in custody and administration of assets;

Thursday, September 4, 2025 OFFICIAL GAZETTE 187 e) the loss from impairment or the effect of reversal of impairment of other assets; f) gain or loss on the sale of properties, furniture and equipment, and g) other items of operating income (expenses). In addition to the items previously mentioned, the result from monetary position, in the case of an inflationary environment, and the result from changes generated by items not related to the comprehensive financing margin of the entities, shall be presented in the item of other income (expenses) from operations.

Administrative and Promotion Expenses
Administrative and promotion expenses shall be considered within the operating result, which shall include all types of short-term direct benefits granted to the entity's employees, Participation of Workers in Profits (PTU) incurred and deferred, the net cost of the period derived from long-term employee benefits, fees, rents, promotion and advertising expenses, taxes and various duties, non-deductible expenses, technology expenses, depreciation and amortization, loss from impairment or effect of reversal of impairment of real estate and other assets in use, as well as other administrative and promotion expenses.

Result before income taxes
It shall be the operating result, incorporating the participation in the net result of other entities, increased or decreased, as the case may be, by the effects of impairment and its reversals, dividends from permanent investments, adjustments associated with other permanent investments, and the valuation effects of permanent investments available for sale.

Result from continuing operations
It is the result before income taxes, decreased by the effect of income tax expenses incurred in the period, increased or decreased, as the case may be, by the effects of deferred income taxes generated or realized in the period, in their case, net of their estimation.

Net result
It corresponds to the result from continuing operations, increased or decreased as appropriate, by discontinued operations referred to in NIF B-11 "Disposal of long-lived assets and discontinued operations".

Comprehensive result
It corresponds to the net result increased or decreased by the OCI of the period, net of the effects of income taxes and PTU related, as well as the participation in OCI of other entities. The OCI of the period shall be composed of: valuation of negotiable financial instruments, when they are non-negotiable capital instruments in the short term, valuation of financial instruments to collect and sell, income and expenses related to assets held for sale, remeasurement of defined employee benefits, and result from holding non-monetary assets.

Disclosure standards
The following shall be disclosed in notes to the financial statements:
a) the composition of the comprehensive financing margin, identifying by currency type interest income and interest expenses, distinguishing them by the type of operation from which they originate (investments in financial instruments, repurchase agreements, bank loans and loans from other organizations, among others); b) the result from fair value valuation and, if applicable, the result from buying and selling, other income (expenses) from operations and, if applicable, the result from monetary position related to items of the comprehensive financing margin, according to the type of operation from which they originate; c) amount of commissions charged disaggregated by the main products handled by the entity; d) the detail of income taxes incurred and deferred; e) the detail of movements of OCI net of income taxes, corresponding to the effect of the period and the recycling that was carried out, if any; f) the amounts of income taxes, as well as PTU related to OCI, and g) the amount of earnings or loss per basic share and earnings or loss per diluted share, in case the entity trades on the stock exchange. The determination of both amounts must be made based on the NIF relative to earnings per share.

188 OFFICIAL GAZETTE Thursday, September 4, 2025 NAME OF THE INVESTMENT FUND SHARE DISTRIBUTING COMPANY ADDRESS STATEMENT OF COMPREHENSIVE INCOME FROM ____________ TO _____________ OF _____ EXPRESSED IN CURRENCY OF PURCHASING POWER OF _______ OF _______ (1) (Amounts in thousands of pesos) Commissions and fees charged $ Commissions and expenditures paid " INCOME (EXPENSES) FROM SERVICES " Comprehensive financing margin " Other income (expenses) from operations " Administrative and promotion expenses " OPERATING RESULT " Participation in the net result of other entities " RESULT BEFORE INCOME TAXES " Income taxes " RESULT FROM CONTINUING OPERATIONS " Discontinued operations " NET RESULT " Other comprehensive income " Valuation of negotiable financial instruments " Valuation of financial instruments to collect and sell " Income and expenses related to assets held for sale " Remeasurement of defined employee benefits " Result from holding non-monetary assets " Participation in OCI of other entities " " COMPREHENSIVE RESULT $ Net result attributable to:
Controlling interest "
Non-controlling interest "
Comprehensive result attributable to:
Controlling interest "
Non-controlling interest " $
Basic earnings per ordinary share $
The concepts appearing in this statement are shown in an enumerative but not exhaustive manner.
(1) This line shall be omitted if the economic environment is "non-inflationary".

Thursday, September 4, 2025 OFFICIAL GAZETTE 189 D-3 STATEMENT OF CHANGES IN EQUITY Background Financial information must comply, among other things, with the purpose of reporting modifications in owners' investment during a defined accounting period, requiring the establishment, through specific criteria, of the objectives and general structure that the statement of changes in equity must have, in order to evaluate, among other issues, the profitability indices of the entity, both for a specific accounting period and cumulatively as of the date of the financial statements. Objective and scope This standard aims to establish the general characteristics for the presentation and structure that the statement of changes in equity of entities must have, the minimum content requirements, and the general disclosure standards. The foregoing, with the purpose of harmonizing the presentation of this financial statement among entities and, in this way, facilitating its comparability. The statement of changes in equity aims to present the movements between the initial and final balances of contributed capital and earned capital during an accounting period. In general and non-limiting terms, the main items that make up equity are:
a) contributed capital, which is composed of contributions from owners received by the entity and the amount of financial instruments issued by the entity that qualify as capital. They also include certain contributions for future capital increases, premiums on the issuance or sale of shares and financial instruments that, by economic substance, qualify as capital, and b) earned capital, which is composed of accumulated comprehensive results, as well as reserves, created by shareholders. Therefore, the basic elements of the statement of changes in equity of entities are: owner movements, reserve movements, and comprehensive result, in accordance with NIF A-1, Chapter 50 "Basic elements of financial statements". The movements presented in the statement of changes in equity must be segregated into the amounts corresponding to:
a) controlling interest, which is the portion of the equity of subsidiaries that belongs to the controlling company, and b) non-controlling interest, which is the portion of the equity of subsidiaries that belongs to owners other than the controlling company. This standard does not aim to establish the mechanism by which the aforementioned movements are determined, as they are subject to accounting standards for investment fund share distributing companies or specific NIFs established for this purpose. Structure of the statement of changes in equity The statement of changes in equity must present, in a segregated manner, for each period for which it is presented, the amounts relative, if applicable, to:
a) initial balances of equity; b) adjustments for retrospective application due to accounting changes and error corrections; c) adjusted initial balances; d) owner movements; e) reserve movements; f) comprehensive result, and g) final balances of equity. Initial balances of equity In this line, the book values of each of the items of equity with which the entity started each period for which the statement of changes in equity is presented must be shown. Adjustments for retrospective application due to accounting changes and error corrections It corresponds to adjustments derived from the retrospective application established in NIF B-1 "Accounting changes and error corrections". When retrospective adjustments have been determined that consequently affect the initial balances of the period, the corresponding amounts must:
a) be presented immediately after the initial balances, since they are adjustments to them; b) be presented in a segregated manner by the amounts affecting each item of equity; and c) if applicable, be presented net of income taxes.

190 OFFICIAL GAZETTE Thursday, September 4, 2025 In cases where, in the same accounting period, retrospective adjustments have been determined both for accounting changes and for error corrections, both amounts must be presented in a segregated manner within the body of the statement of changes in equity net of income taxes. Adjusted initial balances They result from the algebraic sum of the initial balances of equity and the adjustments for retrospective application to each item individually. Owner movements They are changes to contributed capital or, if applicable, to earned capital, during an accounting period, derived from the decisions that owners make regarding their investment in the entity. Some examples of this type of movements are the following:
a) capital contributions; b) capital refunds; c) declaration of dividends; d) capitalization of items from contributed capital; e) capitalization of comprehensive result; f) capitalization of reserves, and g) changes in controlling interest that do not imply loss of control. Movements corresponding to owner contributions and those that are distributions to them must be shown separately, that is, they must not be shown net. Reserve movements In this line, the amounts representing increases or decreases to capital reserves must be shown. Comprehensive result It refers to the increase or decrease in the earned capital of an entity derived from its operation, during an accounting period, originated by net profit or loss, plus other comprehensive income. In this line, the comprehensive result shall be presented broken down into the following components:
a) net result of the period; b) other comprehensive income (OCI), and c) participation in OCI of other entities.
Likewise, the net movement of the period of the components of the comprehensive result must be presented; as net movement, it must be understood as OCI net of income taxes, PTU, and recycling of OCI. Final balances of equity The final balances of equity are determined by the algebraic sum of the adjusted initial balances of each of the items of equity plus owner movements, reserve movements, and comprehensive result. Presentation of the statement of changes in equity The concepts described above correspond to the minimum requirements for the presentation of the statement of changes in equity; however, entities must break down, either in the cited statement of changes in equity or through notes to the financial statements, the content of the concepts they consider necessary for users of financial information to understand the movements that affected the equity of the entities in the period. At the end of this standard, a statement of changes in equity prepared with the requirements referred to in this criterion is shown. General considerations In case of an inflationary environment, all balances and movements incorporated in the statement of changes in equity must be shown expressed in monetary units of purchasing power relative to the date of the financial statements. Disclosure standards The following shall be disclosed in notes to the financial statements:
a) the amount of dividends distributed in the period, the manner in which they were paid, as well as the data of the dividend per share; b) the reason for capital refunds made in the period, and c) a description of how the capital contributions of the period were made.

Thursday, September 4, 2025 OFFICIAL GAZETTE 191 NAME OF THE INVESTMENT FUND SHARE DISTRIBUTING COMPANY ADDRESS STATEMENT OF CHANGES IN EQUITY FROM ___ OF _____________ TO __ OF ____________ OF ___ EXPRESSED IN CURRENCY OF PURCHASING POWER OF _________ OF ____ (1) (Amounts in thousands of pesos) concept Contributed Capital Earned Capital Total equity Capital stock Contributions for future capital increases formalized by its shareholders' assembly Premium on sale of shares Financial instruments that qualify as capital Capital reserves Accumulated results Valuation of negotiable financial instruments Valuation of financial instruments to collect and sell Income and expenses related to assets held for sale Remeasurement of defined benefits to employees Result from holding non-monetary assets Participation in OCI of other entities Total controlling interest Total non-controlling interest Balance at ___ of _________ of ___ Retrospective adjustments for accounting changes Retrospective adjustments for error corrections Balance at ___ of _______ of ___ adjusted OWNER MOVEMENTS Capital contributions Capital refunds Declaration of dividends Capitalization of other concepts of equity Changes in controlling interest that do not imply loss of control Total RESERVE MOVEMENTS Capital reserves COMPREHENSIVE RESULT:

Net result
Other comprehensive income
Valuation of negotiable financial instruments Valuation of financial instruments to collect and sell Income and expenses related to assets held for sale Remeasurement of defined benefits to employees Result from holding non-monetary assets
Participation in OCI of other entities
Total
Balance at ___ of __________ of ___
The concepts appearing in this statement are shown in an enumerative but not exhaustive manner.
(1) This line shall be omitted if the economic environment is "non-inflationary".

192 OFFICIAL GAZETTE Thursday, September 4, 2025 D-4 STATEMENT OF CASH FLOWS Background Financial information must comply, among other things, with the purpose of showing the manner in which entities generate and use cash and cash equivalents, which are essential to maintain their operation, cover their obligations, as well as distribute dividends. Objective and scope This standard aims to establish the general characteristics for the presentation, structure, and preparation of the statement of cash flows of entities, as well as the disclosures that complement said financial statement. Likewise, minimum guidelines are established, with the purpose of harmonizing the presentation of this financial statement among entities and, in this way, facilitating its comparability. The statement of cash flows has the main objective of providing users of basic financial statements with information about cash inflows and outflows during an accounting period. When the statement of cash flows is used together with the rest of the financial statements, it provides information that allows users to:
a) evaluate changes in the entity's assets and liabilities and in its financial structure (including its liquidity and solvency), and b) evaluate both the amounts and dates of collections and payments, in order to adapt to circumstances and opportunities for generation and application of cash and cash equivalents. Likewise, the statement of cash flows presents the operations that were carried out in the period, that is, those that were materialized with the collection or payment of the item in question, while the statement of comprehensive income shows the operations accrued in the same period, that is, when they are recognized accounting at the moment they economically affect the entity, regardless of the date in which they are considered realized for accounting purposes. The statement of cash flows allows entities to improve the comparability of information on operational performance with different entities, because it eliminates the effects generated by the use of different accounting treatments for the same transactions and economic events. Historical information on cash flows is used as an indicator of the amount, timing of generation, and probability of future cash flows. Likewise, such information is useful to verify the accuracy of past forecasts of future cash flows, to analyze the relationship between profitability and net cash flows, as well as, if applicable, the effects of inflation when there is an inflationary environment. Definition of terms Financing activities.- They are related to the obtaining, as well as the remuneration and compensation of funds coming from: i) the owners of the entity, ii) creditors granting financing not related to usual operating activities, and iii) the issuance by the entity of financial instruments that qualify as capital. Investment activities.- They are related to the acquisition and disposal of: i) properties, furniture and equipment, intangible assets, and other assets intended for use or for the provision of services; ii) long-term financial instruments, iii) permanent investments in financial instruments that qualify as capital; and iv) activities related to the granting and recovery of loans not related to operating activities. Operating activities.- They are those that constitute the main source of income for the entity, include other activities that cannot be classified as investment or financing. Cash and cash equivalents.- This concept shall be understood as what is established by criterion B-1 "Cash and cash equivalents". Cash inflows.- They are increases in cash during an accounting period, generated by the decrease of any other asset other than cash, the increase in liabilities, or by increases to capital by the entity's shareholders. Cash flows.- They are inflows and outflows of cash and cash equivalents. Movements between the items that constitute cash and cash equivalents shall not be considered cash flows, since these components are part of the administration of cash and cash
equivalents of the entity, rather than their operating, investment, or financing activities. Cash outflows.- They are decreases in cash during an accounting period, generated by the increase of any other asset other than cash, the decrease in liabilities, or by the disposal of capital by the shareholders. Nominal value.- It is the amount in monetary units expressed in bills, coins, securities, and instruments. 15

Thursday, September 4, 2025 OFFICIAL GAZETTE 193

Presentation Standards

General Considerations

Entities must exclude from the statement of cash flows all operations that did not affect cash flows. For example:
a) conversion of debt to equity and distribution of dividends in shares; b) acquisition of an entity with payment in shares; c) share-based payments to employees; d) operations negotiated with the exchange of assets; e) creation of reserves and any other transfer between equity accounts, and f) effects from the recognition of fair value.

Structure of the Statement of Cash Flows

Entities must classify and present cash flows, according to their nature, in operating, investing, and financing activities, taking into account their economic substance and not the form used to carry them out.

The structure of the statement of cash flows must include, at a minimum, the following items:

operating activities;
investing activities;
financing activities;
net increase or decrease in cash and cash equivalents;
effects from changes in the value of cash and cash equivalents;
cash and cash equivalents at the beginning of the period, and
cash and cash equivalents at the end of the period.

Operating Activities

Cash flows from operating activities are an indicator of the extent to which these activities have generated sufficient liquid funds to maintain the entity's operating capacity, to make new investments without resorting to external sources of financing, and, where applicable, to pay for financing and dividends.

Because the cash flows related to these activities are those derived from operations that constitute the main source of income for the entity, this section includes activities that intervene in the determination of its net income, except those associated with either investing or financing activities. Some examples of cash flows from operating activities are:
a) payments for the acquisition of investments in financial instruments (securities); b) outflows of cash and cash equivalents for repo debtors; c) outflows of cash and cash equivalents from accounts receivable; d) inflows of cash and cash equivalents from the receipt of bank loans and from other entities; e) inflows of cash and cash equivalents from sold collateral; f) collections of income from interest as referred to in criterion D-2 "Statement of Comprehensive Income", as well as its main associated, which come from, among others, the following concepts:

cash and cash equivalents (with the exception of gains or losses from changes arising from this concept);
investments in financial instruments, and
repo debtors.
g) payments of interest expenses as referred to in criterion D-2, as well as its main associated, which come from, among others, bank loans and from other entities; h) collections and payments, as applicable, of commissions and fees generated by:
loans received, and
provision of services (promotion, distribution of investment fund shares, advisory, custody and administration, among others).
i) collections and payments arising from the purchase and sale of currencies linked to its corporate purpose and investments in financial instruments; j) payments for direct benefits to employees, fees, rents, advertising expenses, among other administrative and promotional expenses; k) payments of income tax; l) refunds of income tax; m) collections from recoveries.

194 OFFICIAL GAZETTE Thursday, September 4, 2025

Income Tax

Cash flows related to income tax must be presented in a separate item within the classification of operating activities, unless it is practical to relate them to investing or financing activities, as is the case of the tax derived from discontinued operations, which is related to investing activities.

Investing Activities

Cash flows related to investing activities represent the extent to which entities have allocated resources to items that will generate income and cash flows in the medium and long term.

Cash flows from investing activities are, for example, the following:
a) payments - collections for long-term financial instruments; b) payments - collections for the purchase and sale of properties, furniture, and equipment; c) payments - collections for discontinued operations; d) payments - collections for the purchase and sale of subsidiaries; e) payments - collections for the purchase and sale of associates, joint ventures, and other permanent investments; f) collections of dividends from permanent investments; g) payments - collections for the purchase and sale of intangible assets.

Acquisitions and Disposals of Subsidiaries and Other Businesses

Cash flows derived from acquisitions or disposals of subsidiaries and other businesses must be classified in investing activities; likewise, they must be presented in a single separate line item involving the entire acquisition operation or, where applicable, the disposal, instead of presenting the individual acquisition or disposal of the assets and liabilities of said businesses at the date of acquisition or disposal. Cash flows derived from acquisitions must not be offset with those from disposals.

Cash flows paid for the acquisition of subsidiaries and other businesses must be presented net of the balance of cash and cash equivalents acquired in said operation.

Financing Activities

Cash flows generated by financing activities show the entity's ability to return to its owners and creditors the resources they allocated to the entity at the time, and, where applicable, to pay them returns.

Cash flows from financing activities are, for example, the following:
a) collections - payments for bank loans and from other entities; b) collections from the issuance of shares of the entity itself, net of related issuance expenses; c) payments to owners for capital repayments, dividends, or associated with the repurchase of own shares; d) collections - payments for financial instruments that qualify as equity; e) payments of lease liabilities and interest.

Net Increase or Decrease in Cash and Cash Equivalents

After classifying cash flows in operating activities, investing activities, and financing activities, the net cash flows from these three sections must be presented.

Effects from Changes in the Value of Cash and Cash Equivalents

Entities must present in a separate line item, as applicable, the following:
a) the effects from gains or losses from changes in cash and cash equivalents referred to in paragraph 41, which includes the difference generated by the conversion of the initial balance of cash and cash equivalents at the closing exchange rate of the day published by the Bank of Mexico on its Internet page www.banxico.org.mx or that which replaces it, and of the final balance of cash and cash equivalents at the closing exchange rate of the day of the current period, published by the Bank of Mexico on the aforementioned internet page; b) the effects on the balances of cash and cash equivalents from changes in their value resulting from fluctuations in the exchange rate and in their fair value, and c) the effects from inflation associated with the balances and cash flows of cash and cash equivalents of any of the entities that make up the consolidated economic entity and that are in an inflationary economic environment.

The effects referred to in the previous paragraph must be presented in the statement of cash flows in a segregated manner to allow for adequate reconciliation between the cash balance at the beginning and at the end of the period.

Thursday, September 4, 2025 OFFICIAL GAZETTE 195

Cash and Cash Equivalents at the Beginning of the Period

Entities must present a separate item named "Cash and Cash Equivalents at the Beginning of the Period", which corresponds to the balance of cash and cash equivalents presented in the statement of financial position at the end of the previous period (including restricted cash and cash equivalents), in order to reconcile it with the balance of cash and cash equivalents at the end of the current period.

Cash and Cash Equivalents at the End of the Period

Entities must present a separate item named "Cash and Cash Equivalents at the End of the Period", which must be determined by the algebraic sum of the items: "Net Increase in Cash and Cash Equivalents" or "Net Decrease in Cash and Cash Equivalents", "Effects from Changes in the Value of Cash and Cash Equivalents", and "Cash and Cash Equivalents at the Beginning of the Period". This sum must correspond to the balance of cash and cash equivalents presented in the statement of financial position at the end of the period.

Additional Considerations

Dividends

Cash flows derived from collected dividends must be presented in a specific item within the same group of activities in which the cash flows of the item with which they are associated are presented. For example: inflows of cash flows from collected dividends from investments in financial instruments must be presented, as well as said instruments, in operating activities; if the collected dividends derive from a permanent investment in an associate entity, said cash flows must be presented in investing activities.

Outflows of cash for paid dividends must be presented in financing activities because they represent the remuneration to the owners of an entity for the resources obtained from their part.

Procedure for Preparing the Statement of Cash Flows

To determine and present the cash flows from operating activities, the entity must apply the indirect method, through which the result before income tax is increased or decreased; said amount is adjusted by the effects of operations from previous periods collected or paid in the current period and; by operations of the current period of deferred collection or payment into the future; likewise, it is adjusted by operations that are associated with investing or financing activities.

Cash flows related to operating activities must be determined by increasing or decreasing the result before income tax by the effects of:
a) items that are considered associated with:
i. investing activities, for example, depreciation and gains or losses on the sale of properties, furniture, and equipment, amortization of intangible assets, impairment losses on long-term assets, as well as participation in the net income of other entities;
ii. financing activities, for example, interest associated with bank loans and from other entities;
b) changes that occur during the period in the items that form part of the entity's working capital; that is, that occur in the balances of the operational items in the statement of financial position of the entities during the period, such as those indicated in paragraph 20.

Investing and Financing Activities

Entities must determine and present separately, after the operating activities item, the cash flows derived from the main concepts of gross collections and payments related to investing and financing activities, that is, collections and payments must not be offset against each other.

Conversion of Balances or Cash Flows in Foreign Currency

In order to determine the changes in the balances of operational items in foreign currency from operating activities, these must be converted at the closing exchange rate of the day published by the Bank of Mexico on its internet page www.banxico.org.mx or that which replaces it.

Cash flows arising from foreign currency transactions related to investing and financing activities will be converted to the entity's reporting currency by applying to the amount in foreign currency the closing exchange rate of the day on the date that each flow occurred, which will be the one published by the Bank of Mexico on the aforementioned internet page.

Gains or losses from changes originating from variations in the exchange rate are not cash flows. However, the effect of variations in the exchange rate of cash and cash equivalents held or to be paid in foreign currency is presented in the statement of cash flows in order to reconcile cash and cash equivalents at the beginning and at the end of the period. Said effect must be presented separately from the items of operating, investing, and financing activities, within the item called "Effects from Changes in the Value of Cash and Cash Equivalents", as referred to in paragraph 30, which includes the differences, where applicable, if the cash flows had been presented at the closing exchange rate of the current period.

196 OFFICIAL GAZETTE Thursday, September 4, 2025

Effects of Inflation

When, in terms of what is established in NIF B-10 "Effects of Inflation", the economic environment corresponds to a non-inflationary environment, entities must present their statement of cash flows expressed in nominal values, whereas, if said economic environment is inflationary, entities must present their statement of cash flows expressed in monetary units of purchasing power at the date of closing of the current period.

In cases where the economic environment of the entities is inflationary, as part of the operations that did not affect cash flows, the effects of inflation recognized in the period within the financial statements must be excluded, in order to determine a statement of cash flows at nominal values. Said cash flows must be presented expressed in monetary units of purchasing power at the date of closing of the current period.

When the environment of the entities has changed from non-inflationary to inflationary, the statements of cash flows of previous periods must be presented expressed in monetary units of purchasing power of the date of closing of the current period.

In cases where the economic environment of the entities has changed from inflationary to non-inflationary, the statements of cash flows of previous periods must be presented expressed in the monetary units of purchasing power of the last statement of cash flows presented within an inflationary environment and included in said comparative presentation.

Investments in Other Entities

Cash flows between the holding entity and its unconsolidated subsidiaries, associates, and joint ventures must be presented in the statement of cash flows, that is, they must not be eliminated; for example, cash flows related to intercompany operations or with the collection and payment of dividends.

In the preparation of the consolidated statement of cash flows, cash flows that occurred in the period between the entities that form part of the economic entity that is consolidated must be eliminated. For example, cash flows derived from intercompany operations, capital contributions, and paid dividends.

In cases where a controlling entity purchases or sells shares of a subsidiary to the non-controlling interest, the cash flows associated with said operation must be presented as financing activities, within the consolidated statement of cash flows. The foregoing, because this operation is considered a transaction between owners.

Disclosure Standards

The following must be disclosed in notes to the financial statements:
a) when cash flows related to income tax have been segregated in the different groups of activities within the statement of cash flows, the total flows for said taxes must be disclosed; b) the amount of unused loans that may be available for operating activities or for the payment of investing or financing operations, indicating restrictions on the use of funds from said loans; c) relevant operations, of investing and financing, that have not required the use of cash or cash equivalents. For example, the acquisition of properties, furniture, and equipment through financing; d) the total amount of cash flows that represent surpluses for future investments or for payments of financing or returns to owners, as well as those increases in operating capacity, separated from the cash flows that are essentially required to maintain the entity's operating capacity, and e) relevant changes, whether or not they required the use of cash or cash equivalents, in liabilities considered as part of financing activities, preferably, a reconciliation of the initial and final balances of said items should be made. An entity must disclose regarding liabilities for financing activities, the following:
i. changes in cash flows;
ii. changes derived from obtaining or losing control of subsidiaries and other businesses;
iii. the effect of changes from exchange rate fluctuations, and
iv. other relevant changes considered.

Likewise, the following must be disclosed with respect to acquisitions and disposals of subsidiaries and other entities:
a) the total consideration derived from said acquisitions or disposals breaking down:
i. the portion of the consideration paid or collected in cash and cash equivalents, and
ii. the amount of cash and cash equivalents received that the subsidiary or entity acquired or disposed of had at the date of acquisition or disposal;
b) the amount of assets and liabilities other than cash and cash equivalents of the subsidiary or entity acquired or disposed of at the date of acquisition or disposal. These amounts must be grouped by important items, and c) the amount of income tax payment attributable to the disposals of subsidiaries and other entities.

Thursday, September 4, 2025 OFFICIAL GAZETTE 197

NAME OF THE DISTRIBUTING COMPANY OF INVESTMENT FUND SHARES ADDRESS STATEMENT OF CASH FLOWS FROM __ OF __________ TO __ OF __________ OF ____ EXPRESSED IN MONETARY UNITS OF PURCHASING POWER OF ________ OF _______ (1) (Numbers in thousands of pesos)

Operating Activities
Result before income tax $
Adjustments for items associated with investing activities:
Depreciation of properties, furniture, and equipment " Amortization of intangible assets " Losses or reversal of losses from impairment of long-term assets " Participation in the net income of other entities " Other adjustments for items associated with investing activities " Discontinued operations “ Long-term assets held for sale or for distribution to owners “ “ Adjustments for items associated with financing activities:
Interest associated with bank loans and from other entities “ Interest on lease liabilities “ Other interest “ “ Sum “ Changes in operational items Change in investments in financial instruments (securities) (net) “ Change in repo debtors (net) “ Change in accounts receivable (net) “ Changes in bank loans and from other entities “ Change in sold collateral “ Change in assets/liabilities for employee benefits “ Change in other accounts payable “ Change in other provisions “ Refunds of income tax “ Payments of income tax “ Net cash flows from operating activities “

Investing Activities
Collections for long-term financial instruments “ Payments for long-term financial instruments “ Collections from disposal of properties, furniture, and equipment “ Payments for acquisition of properties, furniture, and equipment “ Payments for discontinued operations “ Collections from discontinued operations “ Collections from disposal of subsidiaries “ Payments for acquisition of subsidiaries “ Collections from disposal of associates, joint ventures, and other permanent investments “ Payments for acquisition of associates, joint ventures, and other permanent investments “ Collections of dividends from permanent investments “ Payments for acquisition of intangible assets “ Collections from disposal of intangible assets “ Other collections from investing activities “ Other payments from investing activities “ Net cash flows from investing activities "

Financing Activities
Collections from obtaining bank loans and from other entities “ Payments of bank loans and from other entities “ Payments for lease liability “ Collections from issuance of shares “ Payments for capital repayments “ Payments of dividends “ Payments associated with the repurchase of own shares “ Other collections from financing activities “ Other payments from financing activities “ Net cash flows from financing activities "

Net increase or decrease in cash and cash equivalents " Effects from changes in the value of cash and cash equivalents " Cash and cash equivalents at the beginning of the period " Cash and cash equivalents at the end of the period $_______

The concepts appearing in this statement are shown in an enumerative but not limiting manner.
(1) This line will be omitted if the economic environment is "non-inflationary."

198 OFFICIAL GAZETTE Thursday, September 4, 2025

"Annex 8
Regulatory Reports
[…]

SERIES R01 MINIMUM CATALOG

REPORT A-0111 MINIMUM CATALOG (CO-CM)

This series consists of one (1) report, whose preparation and submission frequency must be monthly and quarterly in accordance with what is established in the Provision.

REPORT
A-0111 Minimum Catalog

In this report, the balances at the close of the period for all concepts that form part of the statement of financial position (including off-balance sheet accounts) and the statement of comprehensive income are requested. The report is requested in two subtotals:

National currency and UDIS valued in pesos.
Foreign currency valued in pesos.

To fill out report A-0111 Minimum Catalog, the following aspects must be considered:

The report must present the balances of the entity without consolidation. The balances of all concepts presented in series R01 Minimum Catalog must be consistent with those reported in the regulatory reports that are applicable.

For the case of the minimum catalog concepts denominated in national currency and UDIS valued in pesos, these concepts must coincide with the sum of the concepts provided in the regulatory reports in national currency and UDIS valued in pesos; while the concepts denominated in foreign currency valued in pesos must coincide with the concepts provided in the other regulatory reports in foreign currency valued in pesos.

Data referring to balances must be presented in national currency, foreign currency, and UDIS valued in pesos and foreign currency valued in pesos using the exchange rate indicated in the current accounting criteria. Such balances must be presented in pesos, with two decimal places and without commas. For example: $20,585.70 would be 20585.70

CAPTURE FORMAT

Equity investment funds, debt instrument investment funds, capital investment funds, operating companies of investment funds, and distribution companies of investment fund shares shall carry out the submission of the information related to report A-0111 Minimum Catalog described above, by using the following capture format:

REQUESTED INFORMATION
SECTION REPORT IDENTIFIER
PERIOD
ENTITY KEY
REPORT
SECTION FINANCIAL INFORMATION
CONCEPT
CURRENCY
DATA

The entities will report the information indicated in this series, which must comply with the validations and quality standards indicated by the National Banking and Securities Commission (Commission), adhering to the characteristics and specifications for filling out and submitting information presented in the support guides and/or filling instructions, which are published and updated in the Interinstitutional Information Transfer System (SITI) or in that which the Commission makes known, as applicable.

Once the validations and quality standards are met, the SITI will generate an electronic receipt of acknowledgment.

The information must be sent only once and will be received assuming it meets all characteristics and specifications, for which reason it cannot be modified and must present consistency with the various reports in which the same information is included with a different level of integration; therefore, if it does not meet the required quality and characteristics or has been presented incompletely, the obligation of its presentation will be considered unfulfilled, and consequently, the corresponding sanctions will be imposed in accordance with the legal provisions that are applicable.

Thursday, September 4, 2025 OFFICIAL GAZETTE 199

Investment Funds
Series R01 Minimum Catalog
Report R01 A-0111 Minimum Catalog (CO-CM)
Includes figures in national currency, foreign currency, and UDIS valued in pesos Figures in pesos

Concept
National currency and UDIS valued
Foreign currency valued

ASSETS
Cash and cash equivalents
Cash
Banks
Highly liquid financial instruments
Restricted or pledged cash and cash equivalents Foreign exchange trading Securities lending Other Other Margin accounts (derivative financial instruments) Cash Investments in financial instruments Other assets Investments in financial instruments Negotiable financial instruments Unrestricted negotiable financial instruments Government debt Bank debt Other debt securities Equity financial instruments Restricted or pledged negotiable financial instruments in repo operations Government debt Bank debt Other debt securities Negotiable financial instruments restricted or pledged in securities lending operations Government debt Bank debt Other debt securities Equity financial instruments Negotiable financial instruments restricted or pledged (other) Government debt Bank debt Other debt securities Equity financial instruments Repo debtors Securities lending Premiums receivable

200 OFFICIAL GAZETTE Thursday, September 4, 2025

Investment Funds
Series R01 Minimum Catalog
Report R01 A-0111 Minimum Catalog (CO-CM)
Includes figures in national currency, foreign currency, and UDIS valued in pesos Figures in pesos

Concept
National currency and UDIS valued
Foreign currency valued

Derivative financial instruments
For trading purposes
Futures to receive
Forward contracts to receive
Options
Swaps
Structured operations
Packages of derivative financial instruments
For hedging purposes
Futures to receive
Forward contracts to receive
Options
Swaps
Structured operations
Packages of derivative financial instruments
Fair value adjustments for financial asset hedges Accounts receivable Debtors from settlement of operations Own shares Foreign exchange trading Investments in financial instruments Repos Securities lending Derivative financial instruments Debtors from margin accounts Debtors from cash collateral granted Other debtors Premiums, commissions, and rights receivable Other debtors Taxes to recover Dividends receivable from equity financial instruments Conditional accounts receivable Other accounts receivable Expected credit loss estimation Other debtors Conditional accounts receivable Other accounts receivable Adjudicated assets Adjudicated movable assets, financial instruments, and rights Restricted adjudicated movable assets

Thursday, September 4, 2025 OFFICIAL GAZETTE 201

Investment Funds
Series R01 Minimum Catalog
Report R01 A-0111 Minimum Catalog (CO-CM)
Includes figures in national currency, foreign currency, and UDIS valued in pesos Figures in pesos

Concept
National currency and UDIS valued
Foreign currency valued

Adjudicated real estate
Restricted adjudicated real estate
Increase from updating adjudicated assets (1) Estimation of adjudicated assets Estimation for loss of value of adjudicated assets Increase from updating the estimation for loss of value of adjudicated assets (1) Long-term assets held for sale Assets related to discontinued operations Prepayments and other assets Deferred charges Insurance to amortize Other deferred charges Prepayments Interest paid in advance Commissions paid in advance Advance or provisional tax payments Rents paid in advance Other prepayments Other short-term and long-term assets Properties, furniture, and equipment Revaluation of properties, furniture, and equipment (1) Accumulated depreciation of properties, furniture, and equipment Revaluation of accumulated depreciation of properties, furniture, and equipment (1) Assets for use rights of properties, furniture, and equipment Depreciation of assets for use rights of properties, furniture, and equipment Permanent investments in shares of promoted companies Deferred income tax asset Deferred income taxes (in favor) Temporary differences Tax losses Tax credits Estimation for non-recoverable deferred income taxes Temporary differences Tax losses Tax credits Intangible assets Intangible assets Revaluation of intangible assets (1)

202 OFFICIAL GAZETTE Thursday, September 4, 2025

Investment Funds
Series R01 Minimum Catalog
Report R01 A-0111 Minimum Catalog (CO-CM)
Includes figures in national currency, foreign currency, and UDIS valued in pesos Figures in pesos

Concept
National currency and UDIS valued
Foreign currency valued

Accumulated amortization of intangible assets Accumulated amortization of intangible assets Revaluation of accumulated amortization of intangible assets (1) Assets for use rights of intangible assets Amortization of assets for use rights of intangible assets Goodwill Goodwill Revaluation of goodwill (1)

LIABILITIES
Repo creditors
Securities lending
Collateral sold or pledged
Repos
Obligation of the repo provider to return collateral to the repo taker Sold collateral Government debt Bank debt Other debt securities Pledged collateral Securities lending Obligation of the borrower to return securities subject to the operation to the lender Sold collateral Government debt Bank debt Other debt securities Equity financial instruments Obligation of the lender to return collateral to the borrower Sold collateral Government debt Bank debt Other debt securities Financial capital instruments Derivative financial instruments Sold collateral Government debt Bank debt Other debt securities Equity financial instruments Other Other sold or pledged collateral

Thursday, September 4, 2025 OFFICIAL GAZETTE 203

Investment Funds
Series R01 Minimum Catalog
Report R01 A-0111 Minimum Catalog (CO-CM)
Includes figures in national currency, foreign currency, and UDIS valued in pesos Figures in pesos

Concept
National currency and UDIS valued
Foreign currency valued

Derivative financial instruments
For trading purposes
Futures to deliver
Forward contracts to deliver
Options
Swaps
Structured operations
Packages of derivative financial instruments
For hedging purposes
Futures to deliver
Forward contracts to deliver
Options
Swaps
Structured operations
Packages of derivative financial instruments
Fair value adjustments for financial liability hedges Lease liability Other accounts payable Creditors from settlement of operations Own shares Foreign exchange trading Investments in financial instruments Repos Securities lending Derivative financial instruments Creditors from margin accounts Creditors from cash collateral received Contributions to pay Other creditors and other accounts payable Commissions to pay on ongoing operations Creditors for acquisition of assets Dividends to pay Provisions for various obligations Remuneration and benefits to directors Fees Rents Promotion and advertising expenses Technology expenses Other provisions Other miscellaneous creditors

204 OFFICIAL GAZETTE Thursday, September 4, 2025

Investment Funds
Series R01 Minimum Catalog
Report R01 A-0111 Minimum Catalog (CO-CM)
Includes figures in national currency, foreign currency, and UDIS valued in pesos Figures in pesos

Concept
National currency and UDIS valued
Foreign currency valued

Liabilities related to groups of assets held for sale Liabilities related to discontinued operations Financial instruments qualifying as liabilities Contributions for future capital increases pending formalization by its governing body Other Obligations associated with the removal of components of properties, furniture, and equipment Income tax liability Taxes incurred Income taxes (provision) Income taxes (adjustment for definitive tax) Deferred taxes Temporary differences Deferred credits and advance receipts Deferred credits Advance receipts Advance receipts for goods promised for sale or with reservation of ownership Other advance receipts

OWN EQUITY
Contributed capital
Share capital
Fixed minimum
Variable
Unpaid share capital
Increase from updating paid share capital (1) Contributions for future capital increases formalized by its governing body Increase from updating contributions for future capital increases formalized by its governing body (1) Share premium Increase from updating share premium (1) Financial instruments qualifying as equity Increase from updating financial instruments qualifying as equity (1) Earned capital Capital reserves Increase from updating capital reserves (1) Reserve for acquisition of own shares Increase from updating reserve for acquisition of own shares (1) Accumulated results Result from prior periods Result from applying

Thursday, September 4, 2025 OFFICIAL GAZETTE 205

Investment Funds
Series R01 Minimum Catalog
Report R01 A-0111 Minimum Catalog (CO-CM)
Includes figures in national currency, foreign currency, and UDIS valued in pesos Figures in pesos

Concept
National currency and UDIS valued
Foreign currency valued

Result from accounting changes and error corrections Increase from updating result from prior periods (1) Other comprehensive income Valuation of negotiable financial instruments Valuation Effect of deferred income taxes Estimation for non-recoverable deferred income taxes Increase from updating valuation of negotiable financial instruments (1) Valuation of cash flow hedging financial instruments Valuation Effect of deferred income taxes Estimation for non-recoverable deferred income taxes Increase from updating valuation of cash flow hedging financial instruments (1) Valuation of other hedging financial instruments Valuation Effect of deferred income taxes Estimation for non-recoverable deferred income taxes Increase from updating valuation of other hedging financial instruments (1) Result from holding non-monetary assets From fixed asset valuation From other non-monetary assets Increase from updating result from holding non-monetary assets (1) Participation in OCI of promoted companies Valuation Effect of deferred income taxes Estimation for non-recoverable deferred income taxes Increase from updating participation in OCI of promoted companies (1)

OFF-BALANCE SHEET ACCOUNTS
Contingent assets and liabilities
Authorized share capital
Issued shares
Collateral received by the entity
Cash administered in trust
Government debt
Bank debt
Other debt securities
Equity financial instruments
Other

206 OFFICIAL GAZETTE Thursday, September 4, 2025

Investment Funds
Series R01 Minimum Catalog
Report R01 A-0111 Minimum Catalog (CO-CM)
Includes figures in national currency, foreign currency, and UDIS valued in pesos Figures in pesos

Concept
National currency and UDIS valued
Foreign currency valued

Collateral received and sold or pledged by the entity Government debt Bank debt Other debt securities Equity financial instruments Other Other register accounts

STATEMENT OF COMPREHENSIVE INCOME
Result from fair value valuation of financial instruments Result from fair value valuation Negotiable financial instruments Derivative financial instruments for trading purposes Derivative financial instruments for hedging purposes Sold collateral Result from foreign exchange valuation Increase from updating result from fair value valuation of financial instruments (1) Result from sales Result from sales of financial instruments and derivative financial instruments Negotiable financial instruments Derivative financial instruments for trading purposes Derivative financial instruments for hedging purposes Result from foreign exchange sales Result from sale of received collateral Increase from updating result from sales (1) Result from participation in shares of promoted companies Interest income Interest on cash and cash equivalents Banks Highly liquid financial instruments Restricted or pledged cash and cash equivalents Interest and yields in favor from margin accounts Cash Financial instruments Other assets Interest and yields in favor from collateral in OTC operations Cash Financial instruments Other assets

Thursday, September 4, 2025 OFFICIAL GAZETTE 207

Investment Funds
Series R01 Minimum Catalog
Report R01 A-0111 Minimum Catalog (CO-CM)
Includes figures in national currency, foreign currency, and UDIS valued in pesos Figures in pesos

Concept
National currency and UDIS valued
Foreign currency valued

Interest and yields in favor from investments in financial instruments From negotiable financial instruments Interest and yields in favor in repo operations Income from hedging operations Income from trading derivative financial instruments Premiums in favor in securities lending operations Premiums from debt placement Dividends from instruments qualifying as equity financial instruments Gain from revaluation Gain from revaluation changes Revaluation of indexed instruments Revaluation of UDIS items Increase from updating interest income (1) Other operating income Recoveries Taxes Other recoveries Gain from adjudication of assets Gain from sale of adjudicated assets Gain from valuation of adjudicated assets Effect from reversal of impairment of other assets Gain from sale of properties, furniture, and equipment Cancellation of other liability accounts Other operating income items Administrative and distribution services paid to the operating company Asset management Own funds On behalf of third parties Performance-based asset management Distribution Valuation Deposit of investment fund shares Deposit of investment fund securities Deposit of securities Custody of investment fund shares Custody of investment fund securities Custody of securities Accounting Fund administration Systems Risk management

208 OFFICIAL GAZETTE Thursday, September 4, 2025

Investment Funds
Series R01 Minimum Catalog
Report R01 A-0111 Minimum Catalog (CO-CM)
Includes figures in national currency, foreign currency, and UDIS valued in pesos Figures in pesos

Concept
National currency and UDIS valued
Foreign currency valued

Administrative and distribution services paid to other entities Distribution Valuation Rating Price provision Deposit of investment fund shares Deposit of investment fund securities Deposit of securities Custody of investment fund shares Custody of investment fund securities Custody of securities Accounting Fund administration Systems Risk management Interest expenses Interest, transaction costs, and discounts for debt issuance Interest and yields for account from collateral in OTC operations Premiums paid for early redemption of financial instruments qualifying as liabilities Interest and yields for account in repo operations Expenses from hedging operations Expenses from trading derivative financial instruments Premiums for account in securities lending operations Commissions paid Loss from revaluation Loss from revaluation changes Revaluation of indexed instruments Revaluation of UDIS items Interest on lease liabilities Financial effect of provisions Increase from updating interest expenses (1) Other operating expenses Transaction costs From sale of negotiable financial instruments From sale of derivative financial instruments Impairments to expected credit loss estimation Losses Fraud Internal External

209 OFFICIAL GAZETTE Thursday, September 4, 2025

Investment Funds
Series R01 Minimum Catalog
Report R01 A-0111 Minimum Catalog (CO-CM)
Includes figures in national currency, foreign currency, and UDIS valued in pesos Figures in pesos

Concept
National Currency and UDIS
Foreign Currency

Natural disasters and other events
Products and business practices
Business incidents and system failures
Execution, delivery and process management
Other losses
Interest charges in financing for asset acquisition Loss from award of goods Loss on sale of awarded goods Loss from valuation of awarded goods Estimate for impairment of awarded goods Loss from impairment of other assets Loss on sale of properties, furniture and equipment Other items of operating expenses Increase from updating other operating expenses (1) Administration and promotion expenses Remuneration and benefits to directors Fees Rent Promotion and advertising expenses Taxes and various duties Non-deductible expenses Technology expenses Depreciations From the period For right-of-use assets of properties, furniture and equipment Amortizations From the period For right-of-use assets of intangible assets Loss from impairment or reversal effect of impairment of real estate and other assets in use Postage and telephones Maintenance and conservation Other administration and promotion expenses Increase from updating administration and promotion expenses (1) Taxes on profit Taxes on profit incurred Increase from updating taxes on profit incurred (1) Deferred taxes on profit Estimate for non-recoverable taxes on profit Increase from updating estimate for deferred taxes on profit (1)

210 OFFICIAL GAZETTE Thursday, September 4, 2025 Investment Funds Series R01 Minimum Catalog Report R01 A-0111 Minimum Catalog (CO-CM) Includes figures in national currency, foreign currency and UDIS valued in pesos Figures in pesos

Concept
National Currency and UDIS
Foreign Currency

Discontinued operations
Discontinued operations
Increase from updating discontinued operations (1) Other comprehensive income Valuation of negotiable financial instruments Period effect Valuation Effect of deferred taxes on profit Estimate for non-recoverable deferred taxes on profit Increase from updating valuation of negotiable financial instruments (1) Valuation of cash flow hedging financial instruments Period effect Valuation Effect of deferred taxes on profit Estimate for non-recoverable deferred taxes on profit Increase from updating valuation of cash flow hedging financial instruments (1) Valuation of other hedging financial instruments Period effect Valuation Effect of deferred taxes on profit Estimate for non-recoverable deferred taxes on profit Increase from updating valuation of other hedging financial instruments (1) Result from holding non-monetary assets By fixed asset valuation By other non-monetary assets Increase from updating result from holding non-monetary assets (1) Participation in OCI of promoted companies Period effect Valuation Effect of deferred taxes on profit Estimate for non-recoverable deferred taxes on profit Increase from updating participation in OCI of promoted companies (1)

Investment Funds

Thursday, September 4, 2025 OFFICIAL GAZETTE 211 Investment Fund Operating Companies Series R01 Minimum Catalog Report R01 A-0111 Minimum Catalog (CO-CM) Includes figures in national currency, foreign currency and UDIS valued in pesos Figures in pesos

Concept
National Currency and UDIS
Foreign Currency

ASSET
Cash and cash equivalents
Cash
Banks
Deposits in financial entities
Currencies to be delivered
Immediate collection documents
High liquidity financial instruments
Restricted or pledged cash and cash equivalents Currencies to be received Others Others Investments in financial instruments Negotiable financial instruments Negotiable financial instruments without restriction Government debt In position To be delivered Bank debt In position To be delivered Other debt titles In position To be delivered Equity financial instruments In position To be delivered Negotiable financial instruments restricted or pledged Government debt In position To be received Bank debt In position To be received Other debt titles In position To be received Equity financial instruments In position To be received Financial instruments to collect and sell Financial instruments to collect and sell without restriction Government debt In position To be delivered

212 OFFICIAL GAZETTE Thursday, September 4, 2025 Investment Fund Operating Companies Series R01 Minimum Catalog Report R01 A-0111 Minimum Catalog (CO-CM) Includes figures in national currency, foreign currency and UDIS valued in pesos Figures in pesos

Concept
National Currency and UDIS
Foreign Currency

Bank debt
In position
To be delivered
Other debt titles
In position
To be delivered
Financial instruments to collect and sell restricted or pledged Government debt In position To be received Bank debt In position To be received Other debt titles In position To be received Financial instruments to collect principal and interest (bonds) Financial instruments to collect principal and interest without restriction Government debt In position To be delivered Bank debt In position To be delivered Other debt titles In position To be delivered Financial instruments to collect principal and interest restricted or pledged Government debt In position To be received Bank debt In position To be received Other debt titles In position To be received Estimate of expected credit losses for investments in financial instruments to collect principal and interest (bonds) Financial instruments to collect principal and interest without restriction Government debt In position To be delivered

Thursday, September 4, 2025 OFFICIAL GAZETTE 213 Investment Fund Operating Companies Series R01 Minimum Catalog Report R01 A-0111 Minimum Catalog (CO-CM) Includes figures in national currency, foreign currency and UDIS valued in pesos Figures in pesos

Concept
National Currency and UDIS
Foreign Currency

Bank debt
In position
To be delivered
Other debt titles
In position
To be delivered
Financial instruments to collect principal and interest restricted or pledged Government debt In position To be received Bank debt In position To be received Other debt titles In position To be received Repo debtors Accounts receivable Debtors from settlement of operations Currency sales and purchases Investments in financial instruments Repos By issuance of titles Debtors from cash collateral granted Other debtors Premiums, commissions and rights to be collected Loans and other debts of personnel Other debtors Taxes to be recovered Dividends to be collected from equity financial instruments Conditional accounts receivable Other accounts receivable Estimate of expected credit losses Other debtors Conditional accounts receivable Other accounts receivable Long-term assets held for sale or for distribution to owners Subsidiaries Belonging to the financial sector Not belonging to the financial sector

214 OFFICIAL GAZETTE Thursday, September 4, 2025 Investment Fund Operating Companies Series R01 Minimum Catalog Report R01 A-0111 Minimum Catalog (CO-CM) Includes figures in national currency, foreign currency and UDIS valued in pesos Figures in pesos

Concept
National Currency and UDIS
Foreign Currency

Associates
Belonging to the financial sector
Not belonging to the financial sector
Joint ventures
Belonging to the financial sector
Not belonging to the financial sector
Other permanent investments
Belonging to the financial sector
Not belonging to the financial sector
Others
Belonging to the financial sector
Not belonging to the financial sector
Assets related to discontinued operations
Prepayments and other assets
Deferred charges
Insurance to be amortized
Other deferred charges
Prepayments
Interest paid in advance
Commissions paid in advance
Advances or provisional payments of taxes
Rent paid in advance
Other prepayments
Employee benefits assets
Plan assets to cover employee benefits
Long-term direct benefits
Post-employment benefits
Pensions
Seniority bonus
Other post-employment benefits
Deferred employee participation in profits (in favor) Estimate for non-recoverable deferred PTU Other short and long-term assets Properties, furniture and equipment Properties, furniture and equipment Revaluation of properties, furniture and equipment (1) Accumulated depreciation of properties, furniture and equipment Accumulated depreciation of properties, furniture and equipment Revaluation of accumulated depreciation of properties, furniture and equipment (1) Right-of-use assets of properties, furniture and equipment Depreciation of right-of-use assets of properties, furniture and equipment Permanent investments Subsidiaries Belonging to the financial sector Not belonging to the financial sector

Thursday, September 4, 2025 OFFICIAL GAZETTE 215 Investment Fund Operating Companies Series R01 Minimum Catalog Report R01 A-0111 Minimum Catalog (CO-CM) Includes figures in national currency, foreign currency and UDIS valued in pesos Figures in pesos

Concept
National Currency and UDIS
Foreign Currency

Associates
Belonging to the financial sector
Not belonging to the financial sector
Joint ventures
Belonging to the financial sector
Not belonging to the financial sector
Other permanent investments
Belonging to the financial sector
Not belonging to the financial sector
Deferred income tax asset
Deferred taxes on profit (in favor)
Temporary differences
Tax losses
Tax credits
Estimate for non-recoverable deferred taxes on profit Temporary differences Tax losses Tax credits Intangible assets Intangible assets Revaluation of intangible assets (1) Accumulated amortization of intangible assets Accumulated amortization of intangible assets Revaluation of accumulated amortization of intangible assets (1) Right-of-use assets of intangible assets Amortization of right-of-use assets of intangible assets Goodwill Goodwill From subsidiaries From associates From joint ventures Revaluation of goodwill (1) From subsidiaries From associates From joint ventures LIABILITY Bank and other organism loans Short-term Loans from multiple banking institutions Loans from foreign banks Loans from development banking institutions Loans from other organisms

216 OFFICIAL GAZETTE Thursday, September 4, 2025 Investment Fund Operating Companies Series R01 Minimum Catalog Report R01 A-0111 Minimum Catalog (CO-CM) Includes figures in national currency, foreign currency and UDIS valued in pesos Figures in pesos

Concept
National Currency and UDIS
Foreign Currency

Long-term
Loans from multiple banking institutions
Loans from foreign banks
Loans from development banking institutions
Loans from other organisms
Sold collateral
Repos
Obligation of the repo provider to return collateral to the repo taker Government debt Bank debt Other debt titles Other sold collateral Lease liability Other accounts payable Creditors from settlement of operations Currency sales and purchases Investments in financial instruments Repos Creditors from cash collateral received Contributions to be paid Value added tax Other taxes and duties to be paid Taxes and social security contributions withheld for payment Other creditors and other accounts payable Commissions to be paid on ongoing operations Creditors for asset acquisition Dividends to be paid Creditors for maintenance service Provisions for various obligations Fees and rent Promotion and advertising expenses Technology expenses Other provisions Other diverse creditors Liabilities related to groups of assets held for sale Liabilities related to discontinued operations Financial instruments qualifying as liability Contributions for future capital increases pending formalization by shareholders' meeting Others Obligations associated with the removal of components of properties, furniture and equipment Income tax liability Taxes incurred Income taxes (provision) Income taxes (adjustment for definitive tax)

Thursday, September 4, 2025 OFFICIAL GAZETTE 217 Investment Fund Operating Companies Series R01 Minimum Catalog Report R01 A-0111 Minimum Catalog (CO-CM) Includes figures in national currency, foreign currency and UDIS valued in pesos Figures in pesos

Concept
National Currency and UDIS
Foreign Currency

Deferred taxes
Temporary differences
Employee benefits liability
Short-term direct benefits
Long-term direct benefits
Post-employment benefits
Pensions
Seniority bonus
Other post-employment benefits
Termination benefits
Termination benefits for reasons other than restructuring Termination benefits due to restructuring Employee participation in profits incurred Deferred employee participation in profits Deferred credits and advance collections Deferred credits Advance collections Interest collected in advance Commissions collected in advance Advance collections of goods promised for sale or with reservation of ownership Other advance collections OWN EQUITY Contributed capital Social capital Fixed minimum Variable Unpaid social capital Increase from updating paid social capital (1) Contributions for future capital increases formalized by shareholders' meeting Increase from updating contributions for future capital increases formalized by shareholders' meeting (1) Share premium Increase from updating share premium (1) Financial instruments qualifying as capital Increase from updating financial instruments qualifying as capital (1) Retained earnings Capital reserves Increase from updating capital reserves (1) Accumulated results Result from prior periods Result from applying Result from accounting changes and error corrections Increase from updating result from prior periods (1)

218 OFFICIAL GAZETTE Thursday, September 4, 2025 Investment Fund Operating Companies Series R01 Minimum Catalog Report R01 A-0111 Minimum Catalog (CO-CM) Includes figures in national currency, foreign currency and UDIS valued in pesos Figures in pesos

Concept
National Currency and UDIS
Foreign Currency

Other comprehensive income
Valuation of negotiable financial instruments
Valuation
Effect of deferred taxes on profit and PTU
Estimate for non-recoverable deferred taxes on profit and PTU Increase from updating valuation of negotiable financial instruments (1) Valuation of financial instruments to collect and sell Valuation Effect of deferred taxes on profit and PTU Estimate for non-recoverable deferred taxes on profit and PTU Increase from updating valuation of financial instruments to collect and sell (1) Income and expenses related to assets held for disposal Result Effect of deferred taxes on profit and PTU Estimate for non-recoverable deferred taxes on profit and PTU Increase from updating income and expenses related to assets held for disposal (1) Remediation of defined employee benefits Actuarial results in obligations Valuation Effect of deferred taxes on profit and PTU Estimate for non-recoverable deferred taxes on profit and PTU Result in the return of plan assets Valuation Effect of deferred taxes on profit and PTU Estimate for non-recoverable deferred taxes on profit and PTU Increase from updating remediation of defined employee benefits (1) Result from holding non-monetary assets By fixed asset valuation By other non-monetary assets Increase from updating result from holding non-monetary assets (1) Participation in OCI of other entities Valuation Effect of deferred taxes on profit and PTU Estimate for non-recoverable deferred taxes on profit and PTU Increase from updating participation in OCI of other entities (1) OFF-BALANCE SHEET ACCOUNTS Contingent assets and liabilities Assets in trust Assets in custody or administration Assets in custody Assets in administration

Thursday, September 4, 2025 OFFICIAL GAZETTE 219 Investment Fund Operating Companies Series R01 Minimum Catalog Report R01 A-0111 Minimum Catalog (CO-CM) Includes figures in national currency, foreign currency and UDIS valued in pesos Figures in pesos

Concept
National Currency and UDIS
Foreign Currency

Cash and cash equivalents
Equity investment funds
Debt instrument investment funds
Limited object investment funds
Other financial instruments
Collateral received by the entity
Cash administered in trust
Government debt
Bank debt
Other debt titles
Equity financial instruments
Others
Collateral received and sold by the entity
Government debt
Bank debt
Other debt titles
Equity financial instruments
Others
Other registration accounts
STATEMENT OF COMPREHENSIVE INCOME
Commissions and fees charged
Asset administration services for investment funds Distribution of investment fund shares Deposit and custody of investment assets and investment fund shares Deposit, custody and resource management services on behalf of clients Fiduciary activities Gain from revaluation exchange Other income from services Increase from updating commissions and fees charged (1) Commissions and expenditures paid For services Loss from revaluation exchange Increase from updating commissions and expenditures paid (1) Integrated financing margin Interest income Interest on cash and cash equivalents Banks High liquidity financial instruments Restricted or pledged cash and cash equivalents Interest and yields in favor from investments in financial instruments By negotiable financial instruments By financial instruments to collect and sell By financial instruments to collect principal and interest (bonds)

220 OFFICIAL GAZETTE Thursday, September 4, 2025

Investment Fund Operating Companies
Series R01 Minimum Catalog
Report R01 A-0111 Minimum Catalog (CO-CM)
Includes figures in national currency, foreign currency, and UDIS valued in pesos

Figures in pesos

Concept
National Currency and UDIS Valued
Foreign Currency Valued

Interest and yields in favor in repo operations Dividends from instruments qualifying as equity financial instruments Profit from revaluation Profit from exchange rate revaluation Revaluation of indexed instruments Revaluation of UDIS items Increase from updating interest income (1) Interest expenses Interest on bank loans and from other entities Loss from revaluation Loss from exchange rate revaluation Revaluation of indexed instruments Revaluation of UDIS items Interest on lease liabilities Financial effect of provisions Increase from updating interest expenses (1) Result from fair value measurement of financial instruments Negotiable financial instruments Sold collateral Expected credit loss estimate for investments in financial instruments Financial instruments to collect and sell Financial instruments to collect principal and interest (bonds) Result from foreign exchange valuation Increase from updating the result from fair value measurement of financial instruments (1) Result from sale of financial instruments Result from sale of financial instruments Negotiable financial instruments Financial instruments to collect and sell Financial instruments to collect principal and interest (bonds) Result from foreign exchange sales Result from sale of received collateral Transaction costs For sale of negotiable financial instruments Increase from updating the result from sale (1) Net monetary position result (comprehensive financing margin) (1) Monetary position result from items generating comprehensive financing margin (debtor balance) Monetary position result from items generating comprehensive financing margin (creditor balance) Increase from updating the net monetary position result (comprehensive financing margin) (1) Other operating income (expenses) Recoveries Taxes Other recoveries

Thursday, September 4, 2025 OFFICIAL GAZETTE 221

Investment Fund Operating Companies
Series R01 Minimum Catalog
Report R01 A-0111 Minimum Catalog (CO-CM)
Includes figures in national currency, foreign currency, and UDIS valued in pesos

Figures in pesos

Concept
National Currency and UDIS Valued
Foreign Currency Valued

Impacts on expected credit loss estimate
Losses
Labor relations and job security
Frauds
Internal
External
Natural disasters and other events
Customers, products and business practices
Business incidents and system failures
Execution, delivery and process management
Other losses
Loss in trust operations
Loss in custody and administration of assets
Loss from impairment or reversal of impairment of other long-term assets held for sale Interest payable on financing for asset acquisition Result on sale of properties, furniture and equipment Cancellation of other liability accounts Interest in favor from loans to officials and employees Other items of operating income (expenses) Monetary position result originating from items not related to the comprehensive financing margin (1) Result from revaluation of items not related to the comprehensive financing margin Increase from updating other operating income (expenses) (1) Administration and promotion expenses Short-term direct benefits Workers' participation in profits Workers' participation in profits incurred Other short-term direct benefits Net cost of the period derived from long-term employee benefits Long-term direct benefits Deferred workers' participation in profits Estimate for non-recoverable deferred PTU Post-employment benefits Pensions Seniority premium Other post-employment benefits Termination benefits Termination benefits for reasons other than restructuring Termination benefits due to restructuring Fees Rents Promotion and advertising expenses Taxes and various duties

222 OFFICIAL GAZETTE Thursday, September 4, 2025

Investment Fund Operating Companies
Series R01 Minimum Catalog
Report R01 A-0111 Minimum Catalog (CO-CM)
Includes figures in national currency, foreign currency, and UDIS valued in pesos

Figures in pesos

Concept
National Currency and UDIS Valued
Foreign Currency Valued

Non-deductible expenses
Technology expenses
Depreciations
Of the period
For right-of-use assets of properties, furniture and equipment Amortizations Of the period For right-of-use assets of intangible assets Loss from impairment or reversal of impairment of real estate and other assets in use Other administration and promotion expenses Increase from updating administration and promotion expenses (1) Participation in the net result of other entities Result of the period from unconsolidated subsidiaries, associates and joint ventures In unconsolidated subsidiaries Belonging to the financial sector Not belonging to the financial sector In associates Belonging to the financial sector Not belonging to the financial sector In joint ventures Belonging to the financial sector Not belonging to the financial sector Dividends from permanent investments Valuation of available-for-sale permanent investments Adjustments associated with other permanent investments Impairment or reversal of impairment of permanent investments Increase from updating participation in the net result of other entities (1) Income taxes Income taxes incurred Deferred income taxes Temporary differences Tax losses Tax credits Estimate for non-recoverable income taxes Temporary differences Tax losses Tax credits Increase from updating income taxes (1) Discontinued operations Discontinued operations Increase from updating discontinued operations (1)

Thursday, September 4, 2025 OFFICIAL GAZETTE 223

Investment Fund Operating Companies
Series R01 Minimum Catalog
Report R01 A-0111 Minimum Catalog (CO-CM)
Includes figures in national currency, foreign currency, and UDIS valued in pesos

Figures in pesos

Concept
National Currency and UDIS Valued
Foreign Currency Valued

Other comprehensive income
Valuation of negotiable financial instruments
Period effect
Valuation
Effect of income taxes and deferred PTU
Estimate for non-recoverable income taxes and deferred PTU Increase from updating the valuation of negotiable financial instruments (1) Valuation of financial instruments to collect and sell Period effect Valuation Effect of income taxes and deferred PTU Estimate for non-recoverable income taxes and deferred PTU Increase from updating the valuation of financial instruments to collect and sell (1) Income and expenses related to assets held for disposal Period effect Result Effect of income taxes and deferred PTU Estimate for non-recoverable income taxes and deferred PTU Increase from updating income and expenses related to assets held for disposal (1) Remeasurement of defined employee benefits Period effect Valuation Effect of income taxes and deferred PTU Estimate for non-recoverable income taxes and deferred PTU Increase from updating the remeasurement of defined employee benefits (1) Result from holding non-monetary assets Period effect Valuation Effect of income taxes and deferred PTU Estimate for non-recoverable income taxes and deferred PTU Increase from updating the result from holding non-monetary assets (1) Participation in OCI of other entities Period effect Valuation Effect of income taxes and deferred PTU Estimate for non-recoverable income taxes and deferred PTU Increase from updating participation in OCI of other entities (1)

Investment Fund Operating Companies

224 OFFICIAL GAZETTE Thursday, September 4, 2025

Investment Fund Share Distribution Companies
Series R01 Minimum Catalog
Report R01 A-0111 Minimum Catalog (CO-CM)
Includes figures in national currency, foreign currency, and UDIS valued in pesos

Figures in pesos

Concept
National Currency and UDIS Valued
Foreign Currency Valued

ASSET
Cash and cash equivalents
Cash
Banks
Deposits in financial entities
Foreign exchange to be delivered
Immediate collection documents
Highly liquid financial instruments
Restricted or pledged cash and cash equivalents Foreign exchange to be received Others Others Investments in financial instruments Negotiable financial instruments Negotiable financial instruments without restriction Government debt Bank debt Other debt securities Equity financial instruments Negotiable financial instruments restricted or pledged Government debt Bank debt Other debt securities Equity financial instruments Financial instruments to collect and sell Financial instruments to collect and sell without restriction Government debt Bank debt Other debt securities Financial instruments to collect and sell restricted or pledged Government debt Bank debt Other debt securities Financial instruments to collect principal and interest (bonds) Financial instruments to collect principal and interest without restriction Government debt Bank debt Other debt securities Financial instruments to collect principal and interest restricted or pledged Government debt Bank debt Other debt securities

Thursday, September 4, 2025 OFFICIAL GAZETTE 225

Investment Fund Share Distribution Companies
Series R01 Minimum Catalog
Report R01 A-0111 Minimum Catalog (CO-CM)
Includes figures in national currency, foreign currency, and UDIS valued in pesos

Figures in pesos

Concept
National Currency and UDIS Valued
Foreign Currency Valued

Expected credit loss estimate for investments in financial instruments to collect principal and interest (bonds) Financial instruments to collect principal and interest without restriction Government debt Bank debt Other debt securities Financial instruments to collect principal and interest restricted or pledged Government debt Bank debt Other debt securities Repo debtors Accounts receivable Debtors from operation settlements Foreign exchange sales Investments in financial instruments Repos From issuance of securities Debtors from cash collateral granted Other debtors Premiums, commissions and rights receivable Dividends receivable Loans and other debts from personnel Other debtors Taxes to recover Dividends receivable from equity financial instruments Conditional accounts receivable Other accounts receivable Expected credit loss estimate Other debtors Conditional accounts receivable Other accounts receivable Long-term assets held for sale or for distribution to owners Subsidiaries Belonging to the financial sector Not belonging to the financial sector Associates Belonging to the financial sector Not belonging to the financial sector Joint ventures Belonging to the financial sector Not belonging to the financial sector Other permanent investments Belonging to the financial sector Not belonging to the financial sector

226 OFFICIAL GAZETTE Thursday, September 4, 2025

Investment Fund Share Distribution Companies
Series R01 Minimum Catalog
Report R01 A-0111 Minimum Catalog (CO-CM)
Includes figures in national currency, foreign currency, and UDIS valued in pesos

Figures in pesos

Concept
National Currency and UDIS Valued
Foreign Currency Valued

Others
Belonging to the financial sector
Not belonging to the financial sector
Assets related to discontinued operations
Prepayments and other assets
Deferred charges
Insurance to amortize
Other deferred charges
Prepayments
Interest paid in advance
Commissions paid in advance
Advance or provisional tax payments
Rents paid in advance
Other prepayments
Employee benefit assets
Plan assets to cover employee benefits
Long-term direct benefits
Post-employment benefits
Pensions
Seniority premium
Other post-employment benefits
Deferred workers' participation in profits (in favor) Estimate for non-recoverable deferred PTU Other short-term and long-term assets Properties, furniture and equipment Properties, furniture and equipment Revaluation of Properties, furniture and equipment Accumulated depreciation of properties, furniture and equipment Accumulated depreciation of properties, furniture and equipment Revaluation of accumulated depreciation of properties, furniture and equipment (1) Right-of-use assets of properties, furniture and equipment Depreciation of right-of-use assets of properties, furniture and equipment Permanent investments Subsidiaries Belonging to the financial sector Not belonging to the financial sector Associates Belonging to the financial sector Not belonging to the financial sector Joint ventures Belonging to the financial sector Not belonging to the financial sector

Thursday, September 4, 2025 OFFICIAL GAZETTE 227

Investment Fund Share Distribution Companies
Series R01 Minimum Catalog
Report R01 A-0111 Minimum Catalog (CO-CM)
Includes figures in national currency, foreign currency, and UDIS valued in pesos

Figures in pesos

Concept
National Currency and UDIS Valued
Foreign Currency Valued

Other permanent investments
Belonging to the financial sector
Not belonging to the financial sector
Deferred income tax asset
Deferred income taxes (in favor)
Temporary differences
Tax losses
Tax credits
Estimate for non-recoverable deferred income taxes Temporary differences Tax losses Tax credits Intangible assets Intangible assets Revaluation of intangible assets (1) Accumulated amortization of intangible assets Accumulated amortization of intangible assets Revaluation of accumulated amortization of intangible assets (1) Right-of-use assets of intangible assets Amortization of right-of-use assets of intangible assets Goodwill Goodwill From subsidiaries From associates From joint ventures Revaluation of goodwill (1) From subsidiaries From associates From joint ventures LIABILITY Bank loans and from other entities Short-term Loans from multiple banking institutions Loans from foreign banks Loans from development banking institutions Loans from other entities Long-term Loans from multiple banking institutions Loans from foreign banks Loans from development banking institutions Loans from other entities

228 OFFICIAL GAZETTE Thursday, September 4, 2025

Investment Fund Share Distribution Companies
Series R01 Minimum Catalog
Report R01 A-0111 Minimum Catalog (CO-CM)
Includes figures in national currency, foreign currency, and UDIS valued in pesos

Figures in pesos

Concept
National Currency and UDIS Valued
Foreign Currency Valued

Sold collateral
Repos
Obligation of the repo-taker to return collateral to the repo-lender Government debt Bank debt Other debt securities Other sold collateral Lease liability Other accounts payable Creditors from operation settlements Foreign exchange sales Investments in financial instruments Repos Creditors from received cash collateral Contributions payable Value added tax Other taxes and duties payable Taxes and social security contributions withheld for payment Other creditors and accounts payable Liabilities derived from service provision Custody or administration of assets Collection of social security contributions Other liabilities derived from banking service provision Commissions payable on ongoing operations Creditors for asset acquisition Dividends payable Creditors for maintenance service Provisions for various obligations Fees and rents Promotion and advertising expenses Technology expenses Other provisions Other miscellaneous creditors Liabilities related to groups of assets held for sale Liabilities related to discontinued operations Financial instruments qualifying as liability Contributions for future capital increases pending formalization by shareholders' meeting Others Obligations associated with the removal of components of properties, furniture and equipment Income tax liability Taxes incurred Income taxes (provision) Income taxes (adjustment for definitive tax)

Thursday, September 4, 2025 OFFICIAL GAZETTE 229

Investment Fund Share Distribution Companies
Series R01 Minimum Catalog
Report R01 A-0111 Minimum Catalog (CO-CM)
Includes figures in national currency, foreign currency, and UDIS valued in pesos

Figures in pesos

Concept
National Currency and UDIS Valued
Foreign Currency Valued

Deferred taxes
Temporary differences
Employee benefit liability
Short-term direct benefits
Long-term direct benefits
Post-employment benefits
Pensions
Seniority premium
Other post-employment benefits
Termination benefits
Termination benefits for reasons other than restructuring Termination benefits due to restructuring Workers' participation in profits incurred Deferred workers' participation in profits Deferred credits and advance collections Deferred credits Advance collections Interest collected in advance Commissions collected in advance Advance collections of goods promised for sale or with retention of title Other advance collections EQUITY Contributed capital Social capital Fixed minimum Variable Unpaid social capital Increase from updating paid social capital (1) Contributions for future capital increases formalized by shareholders' meeting Increase from updating contributions for future capital increases formalized by shareholders' meeting (1) Share premium Increase from updating share premium (1) Financial instruments qualifying as capital Increase from updating financial instruments qualifying as capital (1) Retained earnings Capital reserves Increase from updating capital reserves (1) Accumulated results Result from prior periods Result from applying Result from accounting changes and error corrections Increase from updating result from prior periods (1)

230 DIARIO OFICIAL Thursday, September 4, 2025

Investment Fund Share Distributing Companies
Series R01 Minimum Catalog
Report R01 A-0111 Minimum Catalog (CO-CM)
Includes figures in national currency, foreign currency, and UDIS valued in pesos

Figures in pesos

Concept
National Currency and UDIS Valued
Foreign Currency Valued

Other Comprehensive Income
Valuation of Negotiable Financial Instruments
Valuation
Effect of Taxes on Profit and PTU Deferred
Estimation for Non-Recoverable Taxes on Profit and PTU Deferred Increase by Updating the Valuation of Negotiable Financial Instruments (1)

Valuation of Financial Instruments to Collect and Sell Valuation Effect of Taxes on Profit and PTU Deferred Estimation for Non-Recoverable Taxes on Profit and PTU Deferred Increase by Updating the Valuation of Financial Instruments to Collect and Sell (1)

Income and Expenses Related to Assets Held for Disposal Result Effect of Taxes on Profit and PTU Deferred Estimation for Non-Recoverable Taxes on Profit and PTU Deferred Increase by Updating Income and Expenses Related to Assets Held for Disposal (1)

Remeasurement of Defined Employee Benefits
Actuarial Results in Obligations
Valuation
Effect of Taxes on Profit and PTU Deferred
Estimation for Non-Recoverable Taxes on Profit and PTU Deferred Result in the Return of Plan Assets Valuation Effect of Taxes on Profit and PTU Deferred Estimation for Non-Recoverable Taxes on Profit and PTU Deferred Increase by Updating the Remeasurement of Defined Employee Benefits (1)

Result from Holding Non-Monetary Assets
By Fixed Asset Valuation
By Other Non-Monetary Assets
Increase by Updating the Result from Holding Non-Monetary Assets (1)

Participation in OCI of Other Entities
Valuation
Effect of Taxes on Profit and PTU Deferred
Estimation for Non-Recoverable Taxes on Profit and PTU Deferred Increase by Updating the Participation in OCI of Other Entities (1)

OFF-BALANCE SHEET ACCOUNTS
Contingent Assets and Liabilities
Assets in Custody or Administration
Assets in Custody
Assets in Administration
Cash and Cash Equivalents

Thursday, September 4, 2025 DIARIO OFICIAL 231

Investment Fund Share Distributing Companies
Series R01 Minimum Catalog
Report R01 A-0111 Minimum Catalog (CO-CM)
Includes figures in national currency, foreign currency, and UDIS valued in pesos

Figures in pesos

Concept
National Currency and UDIS Valued
Foreign Currency Valued

Equity Investment Funds
Debt Instrument Investment Funds
Limited Object Investment Funds
Other Financial Instruments
Collaterals Received by the Entity
Government Debt
Bank Debt
Other Debt Titles
Capital Financial Instruments
Other
Collaterals Received and Sold by the Entity
Government Debt
Bank Debt
Other Debt Titles
Capital Financial Instruments
Other
Other Registration Accounts

COMPREHENSIVE INCOME STATEMENT
Commissions and Fees Charged
Promotion Services
Distribution Services
Third-Party Advisory Services
Custody and Administration
Other Complementary Services
Profit from Revaluation Changes
Increase by Updating Commissions and Fees Charged (1) Commissions and Expenses Paid For Services For Advisory and Complementary Services Loss from Revaluation Changes Increase by Updating Commissions and Fees Paid (1) Integral Financing Margin Interest Income Interest on Cash and Cash Equivalents Banks High Liquidity Financial Instruments Restricted or Pledged Cash and Cash Equivalents Interest and Yields in Favor from Investments in Financial Instruments For Negotiable Financial Instruments For Financial Instruments to Collect and Sell For Financial Instruments to Collect Principal and Interest (Bonds) Interest and Yields in Favor in Repo Operations Dividends from Instruments Qualifying as Capital Financial Instruments

232 DIARIO OFICIAL Thursday, September 4, 2025

Investment Fund Share Distributing Companies
Series R01 Minimum Catalog
Report R01 A-0111 Minimum Catalog (CO-CM)
Includes figures in national currency, foreign currency, and UDIS valued in pesos

Figures in pesos

Concept
National Currency and UDIS Valued
Foreign Currency Valued

Profit from Revaluation
Profit from Revaluation Changes
Revaluation of Indexed Instruments
Revaluation of UDIS Items
Increase by Updating Interest Income (1)
Interest Expenses
Interest on Bank and Other Organism Loans
Loss from Revaluation
Loss from Revaluation Changes
Revaluation of Indexed Instruments
Revaluation of UDIS Items
Interest on Lease Liabilities
Financial Effect of Provisions
Increase by Updating Interest Expenses (1)
Result from Valuation of Financial Instruments at Fair Value Negotiable Financial Instruments Sold Collaterals Estimation of Expected Credit Losses for Investments in Financial Instruments Financial Instruments to Collect and Sell Financial Instruments to Collect Principal and Interest (Bonds) Result from Currency Valuation Increase by Updating the Result from Valuation of Financial Instruments at Fair Value (1) Result from Sale of Financial Instruments Result from Sale of Financial Instruments Negotiable Financial Instruments Financial Instruments to Collect and Sell Financial Instruments to Collect Principal and Interest (Bonds) Result from Currency Sales Result from Sale of Received Collaterals Transaction Costs For Sale of Negotiable Financial Instruments Increase by Updating the Result from Sale (1) Result from Net Monetary Position (Financial Margin) Result from Monetary Position from Positions Generating Financial Margin (Debit Balance) Result from Monetary Position from Positions Generating Financial Margin (Credit Balance) Increase by Updating the Result from Net Monetary Position (Financial Margin) (1) Other Operating Income (Expenses) Recoveries Taxes Other Recoveries

Thursday, September 4, 2025 DIARIO OFICIAL 233

Investment Fund Share Distributing Companies
Series R01 Minimum Catalog
Report R01 A-0111 Minimum Catalog (CO-CM)
Includes figures in national currency, foreign currency, and UDIS valued in pesos

Figures in pesos

Concept
National Currency and UDIS Valued
Foreign Currency Valued

Loss in Custody and Administration of Assets
Loss from Impairment or Reversal Effect on Other Assets Income from Purchase Option in Financial Lease Operations Income from Participation in Sale Price of Assets in Financial Lease Operations Impacts on Estimation of Expected Credit Losses Shortfalls Labor Relations and Job Security Frauds Internal External Natural Disasters and Other Events Clients, Products, and Business Practices Business Incidents and System Failures Execution, Delivery, and Process Management Other Shortfalls Interest on Financing for Asset Acquisition Result on Sale of Properties, Furniture, and Equipment Cancellation of Other Liability Accounts Interest in Favor from Loans to Officials and Employees Other Items of Operating Income (Expenses) Result from Monetary Position Originated by Items Not Related to Financial Margin (1) Result from Revaluation of Items Not Related to Financial Margin Increase by Updating Other Operating Income (Expenses) (1) Administration and Promotion Expenses Short-Term Direct Benefits Workers' Participation in Profits Workers' Participation in Profits Accrued Other Short-Term Direct Benefits Net Cost of the Period Derived from Long-Term Employee Benefits Long-Term Direct Benefits Deferred Workers' Participation in Profits Estimation for Non-Recoverable Deferred PTU Post-Employment Benefits Pensions Seniority Premium Other Post-Employment Benefits Termination Benefits Termination Benefits for Reasons Other than Restructuring Termination Benefits Due to Restructuring Fees Rents Promotion and Advertising Expenses

234 DIARIO OFICIAL Thursday, September 4, 2025

Investment Fund Share Distributing Companies
Series R01 Minimum Catalog
Report R01 A-0111 Minimum Catalog (CO-CM)
Includes figures in national currency, foreign currency, and UDIS valued in pesos

Figures in pesos

Concept
National Currency and UDIS Valued
Foreign Currency Valued

Taxes and Various Duties
Non-Deductible Expenses
Technology Expenses
Depreciations
Of the Period
For Assets by Right of Use of Properties, Furniture, and Equipment Amortizations Of the Period For Assets by Right of Use of Intangible Assets Loss from Impairment or Reversal Effect on Real Estate and Other Assets in Use Other Administration and Promotion Expenses Increase by Updating Administration and Promotion Expenses (1) Participation in the Net Result of Other Entities Result of the Period from Unconsolidated Subsidiaries, Associates, and Joint Ventures In Unconsolidated Subsidiaries Belonging to the Financial Sector Not Belonging to the Financial Sector In Associates Belonging to the Financial Sector Not Belonging to the Financial Sector In Joint Ventures Belonging to the Financial Sector Not Belonging to the Financial Sector Dividends from Permanent Investments Valuation of Permanent Investments Available for Sale Adjustments Associated with Other Permanent Investments Impairment or Reversal Effect on Permanent Investments Increase by Updating Participation in the Net Result of Other Entities (1) Taxes on Profit Taxes on Profit Accrued Deferred Taxes on Profit Temporary Differences Tax Losses Tax Credits Estimation for Non-Recoverable Taxes on Profit Temporary Differences Tax Losses Tax Credits Increase by Updating Taxes on Profit (1) Discontinued Operations Discontinued Operations Increase by Updating Discontinued Operations (1)

Thursday, September 4, 2025 DIARIO OFICIAL 235

Investment Fund Share Distributing Companies
Series R01 Minimum Catalog
Report R01 A-0111 Minimum Catalog (CO-CM)
Includes figures in national currency, foreign currency, and UDIS valued in pesos

Figures in pesos

Concept
National Currency and UDIS Valued
Foreign Currency Valued

Other Comprehensive Income
Valuation of Negotiable Financial Instruments
Period Effect
Valuation
Effect of Taxes on Profit and PTU Deferred
Estimation for Non-Recoverable Taxes on Profit and PTU Deferred Increase by Updating the Valuation of Negotiable Financial Instruments (1) Valuation of Financial Instruments to Collect and Sell Period Effect Valuation Effect of Taxes on Profit and PTU Deferred Estimation for Non-Recoverable Taxes on Profit and PTU Deferred Increase by Updating the Valuation of Financial Instruments to Collect and Sell (1) Income and Expenses Related to Assets Held for Disposal Period Effect Result Effect of Taxes on Profit and PTU Deferred Estimation for Non-Recoverable Taxes on Profit and PTU Deferred Increase by Updating Income and Expenses Related to Assets Held for Disposal (1) Remeasurement of Defined Employee Benefits Period Effect Valuation Effect of Taxes on Profit and PTU Deferred Estimation for Non-Recoverable Taxes on Profit and PTU Deferred Increase by Updating the Remeasurement of Defined Employee Benefits (1) Result from Holding Non-Monetary Assets Period Effect Valuation Effect of Taxes on Profit and PTU Deferred Estimation for Non-Recoverable Taxes on Profit and PTU Deferred Increase by Updating the Result from Holding Non-Monetary Assets (1) Participation in OCI of Other Entities Period Effect Valuation Effect of Taxes on Profit and PTU Deferred Estimation for Non-Recoverable Taxes on Profit and PTU Deferred Increase by Updating the Participation in OCI of Other Entities (1)

Investment Fund Share Distributing Companies

236 DIARIO OFICIAL Thursday, September 4, 2025

"SERIES R13 FINANCIAL STATEMENTS
This series is integrated by five (5) reports, whose frequency of preparation and presentation must be daily for equity investment funds and debt instrument investment funds, and quarterly for capital investment funds, investment fund operating societies, investment fund share distributing societies, and investment fund share valuation societies, unless another periodicity is expressly mentioned in these provisions. Additionally, it is specified that the preparation and presentation of report C-1331 for equity investment funds and debt instrument investment funds must be monthly, while the preparation and presentation of reports B-1321, B-1322, and C-1331 must also be annual.

REPORTS
A-1311 Statement of Changes in Equity Capital (CO-CC) This report aims to show the changes in the equity capital of the entity in the reported period.

A-1316 Statement of Cash Flows (CO-FE)
This report aims to show the variations and movements of cash and its equivalents in the reported period.

B-1321 Statement of Financial Position (CO-BR[1]) This report aims to show the financial position, resulting from the operation of the reported period by the entities in the investment fund sector.

B-1322 Statement of Comprehensive Income (CO-BR[2]) This report aims to show in an ordered and detailed manner how the result of the period was obtained during the reported period resulting from the operation by the entities in the investment fund sector.

C-1331 Investment Portfolio Valuation Statement (CO-VC) This report aims to show the investments made in assets subject to investment, coming from resources raised from public investors.

CAPTURE FORMAT
Investment fund operating societies, investment fund share distributing societies, and investment fund share valuation societies will carry out the sending of information related to report A-1311, described above, by using the following capture format:

REQUESTED INFORMATION
SECTION REPORT IDENTIFIER
PERIOD ENTITY KEY
REPORT SECTION FINANCIAL INFORMATION
CONCEPT BALANCE TYPE
DATA

Investment fund operating societies, investment fund share distributing societies, and investment fund share valuation societies will carry out the sending of information related to report A-1316, described above, by using the following capture format:

REQUESTED INFORMATION
SECTION REPORT IDENTIFIER
PERIOD ENTITY KEY
REPORT SECTION FINANCIAL INFORMATION
CONCEPT DATA

Equity investment funds, debt instrument investment funds, capital investment funds, investment fund operating societies, investment fund share distributing societies, and investment fund share valuation societies will carry out the sending of information related to report B-1321, described above, by using the following capture format:

Thursday, September 4, 2025 DIARIO OFICIAL 237

REQUESTED INFORMATION
SECTION REPORT IDENTIFIER
PERIOD ENTITY KEY
REPORT SECTION FINANCIAL INFORMATION
CONCEPT DATA

Equity investment funds, debt instrument investment funds, capital investment funds, investment fund operating societies, investment fund share distributing societies, and investment fund share valuation societies will carry out the sending of information related to report B-1322, described above, by using the following capture format:

REQUESTED INFORMATION
SECTION REPORT IDENTIFIER
PERIOD ENTITY KEY
REPORT SECTION FINANCIAL INFORMATION
CONCEPT DATA

Equity investment funds, debt instrument investment funds, capital investment funds, and investment fund operating societies will carry out the sending of information related to report C-1331, described above, by using the following capture format:

REQUESTED INFORMATION
SECTION REPORT IDENTIFIER
PERIOD ENTITY KEY
REPORT SECTION INVESTMENT INSTRUMENT INFORMATION CONCEPT ISSUER SERIES SECURITY TYPE RATE TO VALUATE DEBT INSTRUMENT RATING EQUITY INSTRUMENT LIQUIDITY NUMBER OF TRADED TITLES TOTAL TITLES OF THE ISSUE IN CIRCULATION UNIT AVERAGE ACQUISITION COST TOTAL ACQUISITION COST UNIT FAIR VALUE TOTAL FAIR VALUE DAYS TO MATURITY NUMBER OF SETTLED TITLES

Entities will report the information indicated in this series, which must comply with the validations and quality standards indicated by the National Banking and Securities Commission (Commission), adhering to the characteristics and specifications for filling out and sending information presented in support guides and/or filling instructions, which are published and updated in the Interinstitutional Information Transfer System (SITI) or by the Commission as appropriate.

Once validations and quality standards are met, the SITI will generate an electronic receipt.
The information must be sent only once and will be received assuming it meets all characteristics and specifications; therefore, it cannot be modified and must present consistency with the various reports in which the same information is included at a different level of integration. Consequently, if it does not meet the required quality and characteristics or has been presented incompletely, the obligation of its presentation will be considered unfulfilled, and the corresponding sanctions will be imposed in accordance with the applicable legal provisions.

238 DIARIO OFICIAL Thursday, September 4, 2025

Investment Funds
Series R13 Financial Statements
Report R13 B-1321 Statement of Financial Position (CO-BR[1]) Includes figures in national currency, foreign currency, and UDIS valued in pesos

Figures in pesos

Concept Amount
ASSETS
Cash and Cash Equivalents
Cash
Banks
High Liquidity Financial Instruments
Restricted or Pledged Cash and Cash Equivalents Currency Sales and Purchases Securities Lending Other Other Margin Accounts (Derivative Financial Instruments) Cash Investments in Financial Instruments Other Assets Investments in Financial Instruments Negotiable Financial Instruments Unrestricted Negotiable Financial Instruments Government Debt Bank Debt Other Debt Titles Capital Financial Instruments Restricted or Pledged Negotiable Financial Instruments in Repo Operations Government Debt Bank Debt Other Debt Titles Negotiable Financial Instruments Restricted or Pledged in Securities Lending Operations Government Debt Bank Debt Other Debt Titles Capital Financial Instruments Negotiable Financial Instruments Restricted or Pledged (Others) Government Debt Bank Debt Other Debt Titles Capital Financial Instruments Repo Debtors Securities Lending Premiums to Receive Derivative Financial Instruments For Trading Purposes Futures to Receive Forward Contracts to Receive Options Swaps Structured Operations Packages of Derivative Financial Instruments For Hedging Purposes Futures to Receive Forward Contracts to Receive

Thursday, September 4, 2025 OFFICIAL GAZETTE 239 Investment Funds Series R13 Financial Statements Report R13 B-1321 Statement of Financial Position (CO-BR[1]) Includes figures in national currency, foreign currency, and indexed UDIS valued in pesos Figures in pesos Concept Amount Options Swaps Structured operations Packages of derivative financial instruments Fair value adjustments for hedging financial assets Accounts receivable Debtors from settlement of operations Own shares Foreign exchange transactions Investments in financial instruments Repos Securities lending Derivative financial instruments Margin account debtors Debtors for cash collateral provided Other debtors Premiums, commissions, and rights receivable Other debtors Taxes recoverable Dividends receivable from equity financial instruments Conditional accounts receivable Other accounts receivable Expected credit loss allowance Other debtors Conditional accounts receivable Other accounts receivable Assets acquired Movable assets, financial instruments, and rights acquired Restricted acquired movable assets Acquired real estate Restricted acquired real estate Update increase on acquired assets (1) Allowance for acquired assets Allowance for impairment of acquired assets Update increase on the allowance for impairment of acquired assets (1) Acquired assets (net) Long-term assets held for sale Assets related to discontinued operations Prepayments and other assets Deferred charges Insurance to be amortized Other deferred charges Prepayments Interest paid in advance Commissions paid in advance Advance or provisional tax payments Rent paid in advance Other prepayments

240 OFFICIAL GAZETTE Thursday, September 4, 2025 Investment Funds Series R13 Financial Statements Report R13 B-1321 Statement of Financial Position (CO-BR[1]) Includes figures in national currency, foreign currency, and indexed UDIS valued in pesos Figures in pesos Concept Amount Other short- and long-term assets Property, plant and equipment Revaluation of property, plant and equipment (1) Accumulated depreciation of property, plant and equipment Revaluation of accumulated depreciation of property, plant and equipment (1) Property, plant and equipment (net) Right-of-use assets for property, plant and equipment Depreciation of right-of-use assets for property, plant and equipment Right-of-use assets for property, plant and equipment (net) Permanent investments in shares of promoted companies Deferred income tax asset Income taxes deferred (in favor) Temporary differences Tax losses Tax credits Allowance for non-recoverable deferred income taxes Temporary differences Tax losses Tax credits Intangible assets Intangible assets Revaluation of intangible assets (1) Accumulated amortization of intangible assets Accumulated amortization of intangible assets Revaluation of accumulated amortization of intangible assets (1) Intangible assets (net) Right-of-use assets for intangible assets Amortization of right-of-use assets for intangible assets Right-of-use assets for intangible assets (net) Goodwill Goodwill Revaluation of goodwill (1) LIABILITY Repo creditors Securities lending Collateral sold or pledged Repos Obligation of the repo taker to return collateral to the repo provider Sold collateral Government debt Bank debt Other debt securities Pledged collateral Securities lending Borrower's obligation to return securities subject to the operation to the lender Sold collateral Government debt Bank debt Other debt securities Equity financial instruments

Thursday, September 4, 2025 OFFICIAL GAZETTE 241 Investment Funds Series R13 Financial Statements Report R13 B-1321 Statement of Financial Position (CO-BR[1]) Includes figures in national currency, foreign currency, and indexed UDIS valued in pesos Figures in pesos Concept Amount Lender's obligation to return collateral to the borrower Sold collateral Government debt Bank debt Other debt securities Capital financial instruments Derivative financial instruments Sold collateral Government debt Bank debt Other debt securities Capital financial instruments Others Other collateral sold or pledged Derivative financial instruments For trading purposes Futures to deliver Forward contracts to deliver Options Swaps Structured operations Packages of derivative financial instruments For hedging purposes Futures to deliver Forward contracts to deliver Options Swaps Structured operations Packages of derivative financial instruments Fair value adjustments for hedging financial liabilities Lease liability Other payables Creditors from settlement of operations Own shares Foreign exchange transactions Investments in financial instruments Repos Securities lending Derivative financial instruments Creditors for margin accounts Creditors for cash collateral received Contributions payable Other creditors and other payables Commissions payable on ongoing operations Creditors for acquisition of assets Dividends payable Provisions for various obligations Remuneration and benefits to board members Fees

242 OFFICIAL GAZETTE Thursday, September 4, 2025 Investment Funds Series R13 Financial Statements Report R13 B-1321 Statement of Financial Position (CO-BR[1]) Includes figures in national currency, foreign currency, and indexed UDIS valued in pesos Figures in pesos Concept Amount Rent Promotion and advertising expenses Technology expenses Other provisions Other diverse creditors Liabilities related to groups of assets held for sale Liabilities related to discontinued operations Financial instruments qualifying as liabilities Contributions for future capital increases pending formalization by its governing body Others Obligations associated with the removal of components of property, plant and equipment Income tax liability Taxes incurred Income taxes (provision) Income taxes (adjustment for definitive tax) Deferred taxes Temporary differences Deferred credits and advances Deferred credits Advances Advances for goods promised for sale or with retention of title Other advances EQUITY CAPITAL Controlling interest Contributed capital Share capital Fixed minimum Variable Unpaid share capital Update increase on paid share capital (1) Contributions for future capital increases formalized by its governing body Update increase on contributions for future capital increases formalized by its governing body (1) Share premium Update increase on share premium (1) Financial instruments qualifying as equity Update increase on financial instruments qualifying as equity (1) Earned capital Capital reserves Update increase on capital reserves (1) Reserve for acquisition of own shares Update increase on reserve for acquisition of own shares (1) Retained earnings Results of prior periods Result upon application Result from accounting changes and error corrections Update increase on results of prior periods (1) Net result

Thursday, September 4, 2025 OFFICIAL GAZETTE 243 Investment Funds Series R13 Financial Statements Report R13 B-1321 Statement of Financial Position (CO-BR[1]) Includes figures in national currency, foreign currency, and indexed UDIS valued in pesos Figures in pesos Concept Amount Other comprehensive income Valuation of available-for-sale financial instruments Valuation Effect of deferred income taxes Allowance for non-recoverable deferred income taxes Update increase on valuation of available-for-sale financial instruments (1) Valuation of cash flow hedging financial instruments Valuation Effect of deferred income taxes Allowance for non-recoverable deferred income taxes Update increase on valuation of cash flow hedging financial instruments (1) Valuation of other hedging financial instruments Valuation Effect of deferred income taxes Allowance for non-recoverable deferred income taxes Update increase on valuation of other hedging financial instruments (1) Result from holding non-monetary assets From fixed asset valuation From other non-monetary assets Update increase on result from holding non-monetary assets (1) Participation in OCI of promoted companies Valuation Effect of deferred income taxes Allowance for non-recoverable deferred income taxes Update increase on participation in OCI of promoted companies (1) Non-controlling interest Net result attributable to non-controlling interest Other non-controlling interest Other comprehensive income attributable to non-controlling interest OFF-BALANCE SHEET ACCOUNTS Contingent assets and liabilities Authorized share capital Issued shares Collateral received by the entity Cash administered in trust Government debt Bank debt Other debt securities Capital financial instruments Others Collateral received and sold or pledged by the entity Government debt Bank debt Other debt securities Capital financial instruments Others Other registration accounts Investment Funds

244 OFFICIAL GAZETTE Thursday, September 4, 2025 Investment Funds Series R13 Financial Statements Report R13 B-1322 Statement of Comprehensive Income (CO-BR[2]) Includes figures in national currency, foreign currency, and indexed UDIS valued in pesos Figures in pesos Concept Amount Result from valuation of financial instruments at fair value Result from fair value valuation Available-for-sale financial instruments Derivative financial instruments for trading purposes Derivative financial instruments for hedging purposes Sold collateral Result from foreign exchange valuation Update increase on result from valuation of financial instruments at fair value (1) Result from sales Result from sales of financial instruments and derivative financial instruments Available-for-sale financial instruments Derivative financial instruments for trading purposes Derivative financial instruments for hedging purposes Result from foreign exchange sales Result from sale of received collateral Update increase on result from sales (1) Result from participation in shares of promoted companies Interest income Interest on cash and cash equivalents Banks High-liquidity financial instruments Restricted or pledged cash and cash equivalents Interest and yields receivable from margin accounts Cash Financial instruments Other assets Interest and yields receivable from OTC transaction collateral Cash Financial instruments Other assets Interest and yields receivable from investments in financial instruments For available-for-sale financial instruments Interest and yields receivable from repo operations Income from hedging operations Income from trading derivative financial instruments Premiums receivable from securities lending operations Underwriting fees for debt issuance Dividends from instruments qualifying as equity financial instruments Gain from revaluation Gain from revaluation changes

Thursday, September 4, 2025 OFFICIAL GAZETTE 245 Investment Funds Series R13 Financial Statements Report R13 B-1322 Statement of Comprehensive Income (CO-BR[2]) Includes figures in national currency, foreign currency, and indexed UDIS valued in pesos Figures in pesos Concept Amount Revaluation of indexed instruments Revaluation of UDIS items Update increase on interest income (1) Other operating income Recoveries Taxes Other recoveries Gain from acquisition of assets Gain on sale of acquired assets Gain from valuation of acquired assets Effect from reversal of impairment of other assets Gain on sale of property, plant and equipment Cancellation of other liability accounts Other items of operating income TOTAL OPERATING INCOME Administrative and distribution services paid to the operating company Asset management Proprietary funds On behalf of third parties Performance-based asset management Distribution Valuation Deposit of investment fund shares Deposit of investment fund securities Securities deposit Custody of investment fund shares Custody of investment fund securities Securities custody Accounting Fund administration Systems Risk management Administrative and distribution services paid to other entities Distribution Valuation Rating Price provision Deposit of investment fund shares Deposit of investment fund securities Securities deposit Custody of investment fund shares

246 OFFICIAL GAZETTE Thursday, September 4, 2025 Investment Funds Series R13 Financial Statements Report R13 B-1322 Statement of Comprehensive Income (CO-BR[2]) Includes figures in national currency, foreign currency, and indexed UDIS valued in pesos Figures in pesos Concept Amount Custody of investment fund securities Securities custody Accounting Fund administration Systems Risk management Interest expenses Interest, transaction costs, and discounts charged for debt issuance Interest and yields charged from OTC transaction collateral Premiums paid for early redemption of financial instruments qualifying as liabilities Interest and yields charged in repo operations Expenses from hedging operations Expenses from trading derivative financial instruments Premiums charged in securities lending operations Commissions paid Loss from revaluation Loss from revaluation changes Revaluation of indexed instruments Revaluation of UDIS items Interest on lease liabilities Financial effect of provisions Update increase on interest expenses (1) Other operating expenses Transaction costs For sale of available-for-sale financial instruments For sale of derivative financial instruments Impacts on expected credit loss allowance Losses Fraud Internal External Natural disasters and other events Products and business practices Business incidents and system failures Process execution, delivery, and management Other losses Interest charged on financing for asset acquisition Loss from acquisition of assets Loss on sale of acquired assets Loss from valuation of acquired assets

Thursday, September 4, 2025 OFFICIAL GAZETTE 247 Investment Funds Series R13 Financial Statements Report R13 B-1322 Statement of Comprehensive Income (CO-BR[2]) Includes figures in national currency, foreign currency, and indexed UDIS valued in pesos Figures in pesos Concept Amount Allowance for impairment of acquired assets Loss from impairment of other assets Loss on sale of property, plant and equipment Other items of operating expenses Update increase on other operating expenses (1) Administration and promotion expenses Remuneration and benefits to board members Fees Rent Promotion and advertising expenses Various taxes and duties Non-deductible expenses Technology expenses Depreciations Of the period For right-of-use assets for property, plant and equipment Amortizations Of the period For right-of-use assets for intangible assets Loss from impairment or effect from reversal of impairment of real estate and other assets in use Mail and telephone Maintenance and conservation Other administration and promotion expenses Update increase on administration and promotion expenses (1) TOTAL OPERATING EXPENSES RESULT BEFORE INCOME TAXES Income taxes Incurred income taxes Update increase on incurred income taxes (1) Deferred income taxes Allowance for non-recoverable deferred income taxes Update increase on allowance for deferred income taxes (1) RESULT FROM CONTINUING OPERATIONS Discontinued operations Discontinued operations Update increase on discontinued operations (1) NET RESULT Other comprehensive income Valuation of available-for-sale financial instruments Period effect

248 OFFICIAL GAZETTE Thursday, September 4, 2025 Investment Funds Series R13 Financial Statements Report R13 B-1322 Statement of Comprehensive Income (CO-BR[2]) Includes figures in national currency, foreign currency, and indexed UDIS valued in pesos Figures in pesos Concept Amount Valuation Effect of deferred income taxes Allowance for non-recoverable deferred income taxes Update increase on valuation of available-for-sale financial instruments (1) Valuation of cash flow hedging financial instruments Period effect Valuation Effect of deferred income taxes Allowance for non-recoverable deferred income taxes Update increase on valuation of cash flow hedging financial instruments (1) Valuation of other hedging financial instruments Period effect Valuation Effect of deferred income taxes Allowance for non-recoverable deferred income taxes Update increase on valuation of other hedging financial instruments (1) Result from holding non-monetary assets From fixed asset valuation From other non-monetary assets Update increase on result from holding non-monetary assets (1) Participation in OCI of promoted companies Period effect Valuation Effect of deferred income taxes Allowance for non-recoverable deferred income taxes Update increase on participation in OCI of promoted companies (1) COMPREHENSIVE RESULT Net result attributable to:
Controlling interest
Non-controlling interest
Comprehensive result attributable to:
Controlling interest
Non-controlling interest
BASIC EARNINGS PER ORDINARY SHARE (2)
Investment Funds

(1) These concepts will be applicable under an inflationary economic environment based on what is established in Financial Information Standard B-10 "Effects of Inflation", issued by the Mexican Council for Financial Reporting Standards and Sustainability, A.C. (2) Determined in accordance with what is stipulated in Bulletin B-14 "Earnings per Share", issued by the Mexican Council for Financial Reporting Standards and Sustainability, A.C.”.

Thursday, September 4, 2025 OFFICIAL GAZETTE 249 Investment Funds Series R13 Financial Statements Report R13 C-1331 Investment Portfolio Valuation Report (CO-VC) Includes figures in national currency, foreign currency, and indexed UDIS valued in pesos Figures in pesos Concept Issuer Series Type of security Rate at valuation Rating or marketability Quantity of titles operated Quantity of titles settled Total titles of the issue Average unit acquisition cost Total acquisition cost Unit fair value or book value Total fair value or book value Days to maturity CASH AND CASH EQUIVALENTS Cash and cash equivalents without restriction Restricted or pledged cash and cash equivalents AVAILABLE-FOR-SALE FINANCIAL INSTRUMENTS Investment in equity financial instruments National shares Foreign shares Investment fund shares Real estate investment trust certificates Capital, mortgage, and development fiduciary titles Asset-backed securities Traded investment fund certificates Others Investment in debt financial instruments Government securities Bank notes Private paper

250 DIARIO OFICIAL Thursday, September 4, 2025 Investment Funds Series R13 Financial Statements Report R13 C-1331 Portfolio Valuation Statement (CO-VC) Includes figures in national currency, foreign currency, and UDIS valued in pesos Figures in pesos

REPO TRANSACTIONS
Debtors by Repo

SECURITIES LENDING
Securities subject to the operation
Accrued premiums for securities lending operations

DERIVATIVE FINANCIAL INSTRUMENT OPERATIONS
Futures
Forward Contracts
Options
Swaps
Bundles of derivative financial instruments

PERMANENT INVESTMENTS IN SHARES OF PROMOTED COMPANIES Investments in shares of promoted companies Industrial companies Commercial companies Service companies Other Investment Funds

The concepts appearing in this statement are shown in an enumerative, non-limiting manner.

Thursday, September 4, 2025 DIARIO OFICIAL 251 Investment Fund Operating Companies Series R13 Financial Statements Report A-1311 Statement of Changes in Equity (CO-CC) Includes figures in national currency, foreign currency, and UDIS valued in pesos Figures in pesos

Concept | Contributed Capital | Earned Capital --- | --- | --- Total controlling interest | | Total non-controlling interest | | Total equity | | Social capital | | Contributions for future capital increases formalized by its shareholders' meeting | | Share premium | | Financial instruments qualifying as equity | | Capital reserves | | Accumulated results | | Valuation of negotiable financial instruments | | Valuation of financial instruments to collect and sell | | Income and expenses related to assets held for disposal | | Remeasurement of defined employee benefits | | Result from holding non-monetary assets | | Participation in OCI of other entities | | Balance at ___ of _________ of ___ Retrospective adjustments for accounting changes | | Retrospective adjustments for error corrections | | Balance at ___ of _______ of ___ adjusted | |

MOVEMENTS OF RESERVES
Capital reserves (1) | |

Investment Fund Operating Companies
(1) The entity must show in this line the amounts representing increases or decreases to capital reserves.

252 DIARIO OFICIAL Thursday, September 4, 2025 Investment Fund Operating Companies Series R13 Financial Statements Report A-1316 Statement of Cash Flows (CO-FE) Includes figures in national currency, foreign currency, and UDIS valued in pesos Figures in pesos

Concept	Amount
Operating Activities
Result before income tax on profit
Adjustments for items associated with investing activities	Depreciation of properties, furniture, and equipment

Thursday, September 4, 2025 DIARIO OFICIAL 253 Investment Fund Operating Companies Series R13 Financial Statements Report A-1316 Statement of Cash Flows (CO-FE) Includes figures in national currency, foreign currency, and UDIS valued in pesos Figures in pesos

Concept	Amount
Collections from discontinued operations
Payments for acquisition of subsidiaries
Collections from disposal of subsidiaries
Payments for acquisition of associates, joint ventures, and other permanent investments	Collections from disposal of associates, joint ventures, and other permanent investments

Net increase or decrease in cash and cash equivalents | Effects from changes in the value of cash and cash equivalents | Cash and cash equivalents at the beginning of the period | Cash and cash equivalents at the end of the period

Investment Fund Operating Companies

Note: In accordance with what accounting criteria establish, the concepts appearing in this statement are shown in an enumerative, non-limiting manner. The opening of a greater number of concepts in order to provide a more detailed presentation of the information must be requested to the National Banking and Securities Commission.

254 DIARIO OFICIAL Thursday, September 4, 2025 Investment Fund Operating Companies Series R13 Financial Statements Report R13 B-1321 Statement of Financial Position (CO-BR[1]) Includes figures in national currency, foreign currency, and UDIS valued in pesos Figures in pesos

Concept	Amount
ASSET
Cash and cash equivalents
Cash
Banks
Deposits in financial entities
Currencies to be delivered
Immediate collection documents
High-liquidity financial instruments
Restricted or pledged cash and cash equivalents	Currencies to be received

Thursday, September 4, 2025 DIARIO OFICIAL 255 Investment Fund Operating Companies Series R13 Financial Statements Report R13 B-1321 Statement of Financial Position (CO-BR[1]) Includes figures in national currency, foreign currency, and UDIS valued in pesos Figures in pesos

Concept	Amount
Other debt titles
In position
To be delivered
Restricted or pledged financial instruments to collect and sell	Government debt

256 DIARIO OFICIAL Thursday, September 4, 2025 Investment Fund Operating Companies Series R13 Financial Statements Report R13 B-1321 Statement of Financial Position (CO-BR[1]) Includes figures in national currency, foreign currency, and UDIS valued in pesos Figures in pesos

Concept	Amount
Restricted or pledged financial instruments to collect principal and interest	Government debt

Thursday, September 4, 2025 DIARIO OFICIAL 257 Investment Fund Operating Companies Series R13 Financial Statements Report R13 B-1321 Statement of Financial Position (CO-BR[1]) Includes figures in national currency, foreign currency, and UDIS valued in pesos Figures in pesos

Concept	Amount
Assets related to discontinued operations
Prepayments and other assets
Deferred charges
Insurance to amortize
Other deferred charges
Prepayments
Interest paid in advance
Commissions paid in advance
Advances or provisional payments of taxes
Rents paid in advance
Other prepayments
Employee benefits assets
Plan assets to cover employee benefits
Long-term direct benefits
Post-employment benefits
Pensions
Seniority premium
Other post-employment benefits
Deferred employee participation in profits (in favor)	Estimate for non-recoverable deferred PTU

258 DIARIO OFICIAL Thursday, September 4, 2025 Investment Fund Operating Companies Series R13 Financial Statements Report R13 B-1321 Statement of Financial Position (CO-BR[1]) Includes figures in national currency, foreign currency, and UDIS valued in pesos Figures in pesos

Concept	Amount
Tax losses
Tax credits
Estimate for non-recoverable deferred income taxes	Temporary differences

Thursday, September 4, 2025 DIARIO OFICIAL 259 Investment Fund Operating Companies Series R13 Financial Statements Report R13 B-1321 Statement of Financial Position (CO-BR[1]) Includes figures in national currency, foreign currency, and UDIS valued in pesos Figures in pesos

Concept	Amount
Currency sales and purchases
Investments in financial instruments
Repos
Creditors for cash collateral received
Contributions to be paid
Value added tax
Other taxes and rights to be paid
Withheld taxes and social security contributions to be remitted	Other creditors and other accounts payable

260 DIARIO OFICIAL Thursday, September 4, 2025 Investment Fund Operating Companies Series R13 Financial Statements Report R13 B-1321 Statement of Financial Position (CO-BR[1]) Includes figures in national currency, foreign currency, and UDIS valued in pesos Figures in pesos

Concept	Amount
EQUITY
Controlling interest
Contributed capital
Social capital
Fixed minimum
Variable
Unpaid social capital
Increase by updating paid social capital (1)	Contributions for future capital increases formalized by its shareholders' meeting

Thursday, September 4, 2025 DIARIO OFICIAL 261 Investment Fund Operating Companies Series R13 Financial Statements Report R13 B-1321 Statement of Financial Position (CO-BR[1]) Includes figures in national currency, foreign currency, and UDIS valued in pesos Figures in pesos

Concept	Amount
Result in the return of plan assets
Valuation
Effect of income taxes and deferred PTU
Estimate for non-recoverable income taxes and deferred PTU	Increase by updating remeasurement of defined employee benefits (1)

Investment Fund Operating Companies

262 OFFICIAL GAZETTE Thursday, September 4, 2025 Investment Fund Operating Companies Series R13 Financial Statements Report R13 B-1322 Statement of Comprehensive Income (CO-BR[2]) Includes figures in national currency, foreign currency, and UDIS valued in pesos Figures in pesos Concept Amount

Charges and fees collected
Fund investment asset administration services
Distribution of investment fund shares
Deposit and custody of investment assets and investment fund shares Deposit, custody, and resource management services on behalf of clients Fiduciary activities Gain from revaluation due to exchange rate changes Other income from services Increase due to updating of charges and fees collected (1)

Commissions and expenses paid
For services
Loss from revaluation due to exchange rate changes Increase due to updating of commissions and expenses paid (1)

INCOME (EXPENSES) FROM SERVICES

Integrated financing margin
Interest income
Cash and cash equivalent interest
Banks
Highly liquid financial instruments
Restricted or pledged cash and cash equivalents Interest and yields in favor from investments in financial instruments For negotiable financial instruments For financial instruments to collect and sell For financial instruments to collect principal and interest (bonds) Interest and yields in favor in repo operations Dividends from instruments qualifying as equity financial instruments Gain from revaluation Gain from revaluation due to exchange rate changes Revaluation of indexed instruments Revaluation of UDIS items Increase due to updating of interest income (1) Interest expenses Interest on bank loans and from other entities Loss from revaluation Loss from revaluation due to exchange rate changes Revaluation of indexed instruments Revaluation of UDIS items Interest on lease liabilities Financial effect of provisions Increase due to updating of interest expenses (1)

Result from valuation of financial instruments at fair value Negotiable financial instruments Sold collateral Expected credit loss estimation for investments in financial instruments Financial instruments to collect and sell Financial instruments to collect principal and interest (bonds) Result from foreign exchange valuation Increase due to updating of the result from valuation of financial instruments at fair value (1)

Result from sale of financial instruments
Result from sale of financial instruments
Negotiable financial instruments

Thursday, September 4, 2025 OFFICIAL GAZETTE 263 Investment Fund Operating Companies Series R13 Financial Statements Report R13 B-1322 Statement of Comprehensive Income (CO-BR[2]) Includes figures in national currency, foreign currency, and UDIS valued in pesos Figures in pesos Concept Amount

Financial instruments to collect and sell
Financial instruments to collect principal and interest (bonds) Result from foreign exchange sales Result from sale of received collateral Transaction costs For sale of negotiable financial instruments Increase due to updating of the result from sale (1)

Net monetary position result (integrated financing margin) (1) Net monetary position result from items generating integrated financing margin (debit balance) Net monetary position result from items generating integrated financing margin (credit balance) Increase due to updating of the net monetary position result (integrated financing margin) (1)

Other operating income (expenses)
Recoveries
Taxes
Other recoveries
Impacts on expected credit loss estimation
Losses
Labor relations and job security
Frauds
Internal
External
Natural disasters and other events
Clients, products, and business practices
Business incidents and system failures
Execution, delivery, and process management
Other losses
Loss in trust operations
Loss in custody and asset administration
Loss from impairment or reversal of impairment of other long-term assets held for sale Interest payable on financing for asset acquisition Result on sale of properties, furniture, and equipment Cancellation of other liability accounts Interest in favor from loans to officials and employees Other items of operating income (expenses)

Monetary position result originated by items not related to the integrated financing margin (1) Revaluation result of items not related to the integrated financing margin Increase due to updating of other operating income (expenses) (1)

Administration and promotion expenses
Short-term direct benefits
Workers' participation in profits
Workers' participation in profits accrued
Other short-term direct benefits
Net cost of the period derived from long-term employee benefits Long-term direct benefits Deferred workers' participation in profits Estimation for non-recoverable deferred PTU Post-employment benefits Pensions Seniority premium

264 OFFICIAL GAZETTE Thursday, September 4, 2025 Investment Fund Operating Companies Series R13 Financial Statements Report R13 B-1322 Statement of Comprehensive Income (CO-BR[2]) Includes figures in national currency, foreign currency, and UDIS valued in pesos Figures in pesos Concept Amount

Other post-employment benefits
Termination benefits
Termination benefits for reasons other than restructuring Termination benefits due to restructuring Fees Rents Promotion and advertising expenses Taxes and various duties Non-deductible expenses Technology expenses Depreciations Of the period For right-of-use assets of properties, furniture, and equipment Amortizations Of the period For right-of-use assets of intangible assets Loss from impairment or reversal of impairment of real estate and other assets in use Other administration and promotion expenses Increase due to updating of administration and promotion expenses (1)

OPERATING RESULT

Participation in the net result of other entities Result of the period from unconsolidated subsidiaries, associates, and joint ventures In unconsolidated subsidiaries Belonging to the financial sector Not belonging to the financial sector In associates Belonging to the financial sector Not belonging to the financial sector In joint ventures Belonging to the financial sector Not belonging to the financial sector Dividends from permanent investments Valuation of available-for-sale permanent investments Adjustments associated with other permanent investments Impairment or reversal of impairment of permanent investments Increase due to updating of participation in the net result of other entities (1)

RESULT BEFORE INCOME TAXES
Income taxes
Income taxes accrued
Deferred income taxes
Temporary differences
Tax losses
Tax credits
Estimation for non-recoverable income taxes
Temporary differences
Tax losses
Tax credits
Increase due to updating of income taxes (1)

RESULT OF CONTINUOUS OPERATIONS
Discontinued operations
Discontinued operations
Increase due to updating of discontinued operations (1)

Thursday, September 4, 2025 OFFICIAL GAZETTE 265 Investment Fund Operating Companies Series R13 Financial Statements Report R13 B-1322 Statement of Comprehensive Income (CO-BR[2]) Includes figures in national currency, foreign currency, and UDIS valued in pesos Figures in pesos Concept Amount

NET RESULT
Other comprehensive income
Valuation of negotiable financial instruments
Period effect
Valuation
Effect of income taxes and deferred PTU
Estimation for non-recoverable income taxes and deferred PTU Increase due to updating of the valuation of negotiable financial instruments (1) Valuation of financial instruments to collect and sell Period effect Valuation Effect of income taxes and deferred PTU Estimation for non-recoverable income taxes and deferred PTU Increase due to updating of the valuation of financial instruments to collect and sell (1) Income and expenses related to assets held for disposal Period effect Result Effect of income taxes and deferred PTU Estimation for non-recoverable income taxes and deferred PTU Increase due to updating of income and expenses related to assets held for disposal (1) Remeasurement of defined employee benefits Period effect Valuation Effect of income taxes and deferred PTU Estimation for non-recoverable income taxes and deferred PTU Increase due to updating of the remeasurement of defined employee benefits (1) Result from holding non-monetary assets Period effect Valuation Effect of income taxes and deferred PTU Estimation for non-recoverable income taxes and deferred PTU Increase due to updating of the result from holding non-monetary assets (1) Participation in OCI of other entities Period effect Valuation Effect of income taxes and deferred PTU Estimation for non-recoverable income taxes and deferred PTU Increase due to updating of the participation in OCI of other entities (1)

COMPREHENSIVE RESULT
Net result attributable to:
Controlling interest
Non-controlling interest
Comprehensive result attributable to:
Controlling interest
Non-controlling interest

BASIC EARNINGS PER ORDINARY SHARE (2)
Investment Fund Operating Companies

(1) These concepts shall apply under an inflationary economic environment based on what is established in Financial Information Standard B-10 "Effects of Inflation", issued by the Mexican Council for Financial Reporting Standards and Sustainability, A.C. (2) Determined in accordance with what is stipulated by Bulletin B-14 "Earnings per Share", issued by the Mexican Council for Financial Reporting Standards and Sustainability, A.C.

266 OFFICIAL GAZETTE Thursday, September 4, 2025 Investment Fund Operating Companies Series R13 Financial Statements Report R13 C-1331 Investment Portfolio Valuation Statement (CO-VC) Includes figures in national currency, foreign currency, and UDIS valued in pesos Figures in pesos Concept Issuer Series Type of Rate at Valuation Qualification or Marketability Quantity of Titles Operated Quantity of Titles Settled Total Titles of the Issue Average Unit Acquisition Cost Total Acquisition Cost Unit Fair Value or Book Value Total Fair Value or Book Value Days to Maturity

CASH AND CASH EQUIVALENTS
Cash and cash equivalents without restriction
Restricted or pledged cash and cash equivalents

NEGOTIABLE FINANCIAL INSTRUMENTS
Investment in equity financial instruments
Investment funds in debt instruments
Equity investment funds
Capital funds
Limited object investment funds
Industrial companies
Commercial companies
Service companies
Holding companies
Credit institutions
Financial groups
Other

Thursday, September 4, 2025 OFFICIAL GAZETTE 267 Investment Fund Operating Companies Series R13 Financial Statements Report R13 C-1331 Investment Portfolio Valuation Statement (CO-VC) Includes figures in national currency, foreign currency, and UDIS valued in pesos Figures in pesos Concept Issuer Series Type of Rate at Valuation Qualification or Marketability Quantity of Titles Operated Quantity of Titles Settled Total Titles of the Issue Average Unit Acquisition Cost Total Acquisition Cost Unit Fair Value or Book Value Total Fair Value or Book Value Days to Maturity

Investment in debt financial instruments
Government bonds
Bank bonds
Private paper

FINANCIAL INSTRUMENTS TO COLLECT AND SELL
Investment in equity instruments
Investment funds in debt instruments
Equity investment funds
Capital funds
Limited object investment funds
Industrial companies
Commercial companies
Service companies
Holding companies
Credit institutions
Financial groups
Other
Investment in debt financial instruments
Government bonds

268 OFFICIAL GAZETTE Thursday, September 4, 2025 Investment Fund Operating Companies Series R13 Financial Statements Report R13 C-1331 Investment Portfolio Valuation Statement (CO-VC) Includes figures in national currency, foreign currency, and UDIS valued in pesos Figures in pesos Concept Issuer Series Type of Rate at Valuation Qualification or Marketability Quantity of Titles Operated Quantity of Titles Settled Total Titles of the Issue Average Unit Acquisition Cost Total Acquisition Cost Unit Fair Value or Book Value Total Fair Value or Book Value Days to Maturity

Bank bonds
Private paper

FINANCIAL INSTRUMENTS TO COLLECT PRINCIPAL AND INTEREST Investment in debt financial instruments Government bonds Bank bonds Private paper

REPO OPERATIONS
Repo debtors

PERMANENT INVESTMENTS IN SHARES
Permanent investments in shares
Investment funds in debt instruments
Equity investment funds
Capital funds
Limited object investment funds
Service companies
Other
Investment Fund Operating Companies
The concepts appearing in this statement are shown in an illustrative rather than exhaustive manner.

Thursday, September 4, 2025 OFFICIAL GAZETTE 269 Investment Fund Share Distributing Companies Series R13 Financial Statements Report A-1311 Statement of Changes in Equity (CO-CC) Includes figures in national currency, foreign currency, and UDIS valued in pesos Figures in pesos Concept Contributed Capital Earned Capital Total Controlling Interest Total Non-Controlling Interest Total Equity Capital Social Capital Contributions for future capital increases formalized by its shareholders' meeting Share Premium Financial Instruments that qualify as capital Capital Reserves Accumulated Results Valuation of negotiable financial instruments Valuation of financial instruments to collect and sell Income and expenses related to assets held for disposal Remeasurement of defined employee benefits Result from holding non-monetary assets Participation in OCI of other entities Balance at ___ of _______ of ___ Retrospective adjustments for accounting changes Retrospective adjustments for error corrections Balance at ___ of _______ of ___ adjusted

OWNERS' MOVEMENTS
Capital contributions
Capital refunds
Dividend decree
Capitalization of other equity capital concepts Changes in controlling participation that do not imply loss of control Total

RESERVES MOVEMENTS
Capital Reserves (1)

COMPREHENSIVE RESULT:
Net Result
Other Comprehensive Income
Valuation of negotiable financial instruments Valuation of financial instruments to collect and sell Income and expenses related to assets held for disposal Remeasurement of defined employee benefits Result from holding non-monetary assets Participation in OCI of other entities Total Balance at ___ of __________ of ___ Investment Fund Share Distributing Companies (1) The entity must show in this line, the amounts that represent increases or decreases to capital reserves.

270 OFFICIAL GAZETTE Thursday, September 4, 2025 Investment Fund Share Distributing Companies Series R13 Financial Statements Report A-1316 Statement of Cash Flows (CO-FE) Includes figures in national currency, foreign currency, and UDIS valued in pesos Figures in pesos Concept Amount Operating Activities Result before income taxes

Adjustments for items associated with investment activities Depreciation of properties, furniture, and equipment Amortizations of intangible assets Losses or reversal of losses from impairment of long-term assets Participation in the net result of other entities Other adjustments for items associated with investment activities Discontinued operations Long-term assets held for sale or for distribution to owners Adjustments for items associated with financing activities Interest associated with bank loans and from other entities Interest on lease liabilities Other interest Changes in operating items Change in investments in financial instruments (bonds) (net) Change in repo debtors (net) Change in accounts receivable (net) Changes in bank loans and from other entities Change in sold collateral Change in employee benefit assets/liabilities Change in other accounts payable Change in other provisions Income tax refunds Income tax payments Net cash flows from operating activities Investment Activities Collections from long-term financial instruments Payments for long-term financial instruments Collections from disposal of properties, furniture, and equipment Payments for acquisition of properties, furniture, and equipment

Thursday, September 4, 2025 OFFICIAL GAZETTE 271 Investment Fund Share Distributing Companies Series R13 Financial Statements Report A-1316 Statement of Cash Flows (CO-FE) Includes figures in national currency, foreign currency, and UDIS valued in pesos Figures in pesos Concept Amount

Payments for discontinued operations
Collections from discontinued operations
Collections from disposal of subsidiaries
Payments for acquisition of subsidiaries
Collections from disposal of associates, joint ventures, and other permanent investments Payments for acquisition of associates, joint ventures, and other permanent investments Collections of dividends from permanent investments Payments for acquisition of intangible assets Collections from disposal of intangible assets Other collections from investment activities Other payments from investment activities Net cash flows from investment activities Financing Activities Collections from obtaining bank loans and from other entities Payments of bank loans and from other entities Payments on lease liability Collections from share issuance Payments for social capital refunds Dividend payments Payments associated with the repurchase of own shares Other collections from financing activities Other payments from financing activities Net cash flows from financing activities

Net increase or decrease in cash and cash equivalents Effects from changes in the value of cash and cash equivalents Cash and cash equivalents at the beginning of the period Cash and cash equivalents at the end of the period Investment Fund Share Distributing Companies Note: In accordance with what accounting criteria establish, the concepts appearing in this statement are shown in an illustrative rather than exhaustive manner. The opening of a greater number of concepts in order to provide a more detailed presentation of the information must be requested to the National Banking and Securities Commission.

272 OFFICIAL GAZETTE Thursday, September 4, 2025 Investment Fund Share Distributing Companies Series R13 Financial Statements Report R13 B-1321 Statement of Financial Position (CO-BR[1]) Includes figures in national currency, foreign currency, and UDIS valued in pesos Figures in pesos Concept Amount ASSET Cash and cash equivalents Cash Banks Deposits in financial entities Currencies to deliver Immediate collection documents Highly liquid financial instruments Restricted or pledged cash and cash equivalents Currencies to receive Other Other Investments in financial instruments Negotiable financial instruments Negotiable financial instruments without restriction Government debt Bank debt Other debt titles Equity financial instruments Restricted or pledged negotiable financial instruments Government debt Bank debt Other debt titles Equity financial instruments Financial instruments to collect and sell Financial instruments to collect and sell without restriction Government debt Bank debt Other debt titles Financial instruments to collect and sell restricted or pledged Government debt Bank debt Other debt titles Financial instruments to collect principal and interest (bonds) (net) Financial instruments to collect principal and interest (bonds) Financial instruments to collect principal and interest without restriction Government debt Bank debt Other debt titles Financial instruments to collect principal and interest restricted or pledged Government debt Bank debt Other debt titles Expected credit loss estimation for investments in financial instruments to collect principal and interest (bonds) Financial instruments to collect principal and interest without restriction Government debt Bank debt Other debt titles

Thursday, September 4, 2025 OFFICIAL GAZETTE 273 Distributor Companies of investment fund shares Series R13 Financial Statements Report R13 B-1321 Statement of Financial Position (CO-BR[1]) Includes figures in national currency, foreign currency, and UDIS valued in pesos Figures in pesos Concept Amount Financial instruments to collect principal and interest restricted or pledged as collateral Government debt Bank debt Other debt securities Repo debtors Accounts receivable Debtors from settlement of operations Foreign exchange sales Investments in financial instruments Repos By issuance of securities Debtors for collateral provided in cash Other debtors Premiums, commissions and rights to collect Dividends to collect Loans and other debts from personnel Other debtors Taxes to recover Dividends to collect from equity financial instruments Conditional accounts receivable Other accounts receivable Estimate of expected credit losses Other debtors Conditional accounts receivable Other accounts receivable Long-term assets held for sale or for distribution to owners Subsidiaries Belonging to the financial sector Not belonging to the financial sector Associates Belonging to the financial sector Not belonging to the financial sector Joint ventures Belonging to the financial sector Not belonging to the financial sector Other permanent investments Belonging to the financial sector Not belonging to the financial sector Others Belonging to the financial sector Not belonging to the financial sector Assets related to discontinued operations Prepayments and other assets Deferred charges Insurance to amortize Other deferred charges

274 OFFICIAL GAZETTE Thursday, September 4, 2025 Distributor Companies of investment fund shares Series R13 Financial Statements Report R13 B-1321 Statement of Financial Position (CO-BR[1]) Includes figures in national currency, foreign currency, and UDIS valued in pesos Figures in pesos Concept Amount Prepayments Interest paid in advance Commissions paid in advance Advance or provisional payments of taxes Rent paid in advance Other prepayments Employee benefits assets Plan assets to cover employee benefits Direct long-term benefits Post-employment benefits Pensions Seniority premium Other post-employment benefits Deferred employee participation in profits (in favor) Estimate for non-recoverable deferred PTU Other short and long-term assets Properties, furniture and equipment Properties, furniture and equipment Revaluation of Properties, furniture and equipment Accumulated depreciation of properties, furniture and equipment Accumulated depreciation of properties, furniture and equipment Revaluation of accumulated depreciation of properties, furniture and equipment (1) Properties, furniture and equipment (net) Assets for right of use of properties, furniture and equipment Depreciation of assets for right of use of properties, furniture and equipment Assets for right of use of properties, furniture and equipment (net) Permanent investments Subsidiaries Belonging to the financial sector Not belonging to the financial sector Associates Belonging to the financial sector Not belonging to the financial sector Joint ventures Belonging to the financial sector Not belonging to the financial sector Other permanent investments Belonging to the financial sector Not belonging to the financial sector Deferred income tax asset Deferred income taxes (in favor) Temporary differences Tax losses Tax credits Estimate for non-recoverable deferred income taxes Temporary differences Tax losses Tax credits

Thursday, September 4, 2025 OFFICIAL GAZETTE 275 Distributor Companies of investment fund shares Series R13 Financial Statements Report R13 B-1321 Statement of Financial Position (CO-BR[1]) Includes figures in national currency, foreign currency, and UDIS valued in pesos Figures in pesos Concept Amount Intangible assets Intangible assets Revaluation of intangible assets (1) Accumulated amortization of intangible assets Accumulated amortization of intangible assets Revaluation of accumulated amortization of intangible assets (1) Intangible assets (net) Assets for right of use of intangible assets Amortization of assets for right of use of intangible assets Assets for right of use of intangible assets (net) Goodwill Goodwill From subsidiaries From associates From joint ventures Revaluation of goodwill (1) From subsidiaries From associates From joint ventures LIABILITY Bank loans and from other entities Short-term Loans from multiple banking institutions Loans from foreign banks Loans from development banking institutions Loans from other entities Long-term Loans from multiple banking institutions Loans from foreign banks Loans from development banking institutions Loans from other entities Collateral sold Repos Repo provider's obligation to return collateral to repo taker Government debt Bank debt Other debt securities Other collateral sold Lease liability Other accounts payable Creditors from settlement of operations Foreign exchange sales Investments in financial instruments Repos Creditors for collateral received in cash

276 OFFICIAL GAZETTE Thursday, September 4, 2025 Distributor Companies of investment fund shares Series R13 Financial Statements Report R13 B-1321 Statement of Financial Position (CO-BR[1]) Includes figures in national currency, foreign currency, and UDIS valued in pesos Figures in pesos Concept Amount Contributions to pay Value added tax Other taxes and duties to pay Taxes and social security contributions withheld for payment Other creditors and other accounts payable Liabilities derived from service provision Custody or administration of assets Collection of social security contributions Other liabilities derived from banking service provision Commissions to pay on ongoing operations Creditors for acquisition of assets Dividends to pay Creditors for maintenance service Provisions for various obligations Fees and rents Promotion and advertising expenses Technology expenses Other provisions Other diverse creditors Liabilities related to groups of assets held for sale Liabilities related to discontinued operations Financial instruments qualifying as liability Contributions for future capital increases pending formalization by shareholders' meeting Others Obligations associated with the removal of components of properties, furniture and equipment Income tax liability Taxes incurred Income taxes (provision) Income taxes (adjustment for final tax) Deferred taxes Temporary differences Employee benefits liability Direct short-term benefits Direct long-term benefits Post-employment benefits Pensions Seniority premium Other post-employment benefits Termination benefits Termination benefits for reasons other than restructuring Termination benefits due to restructuring Employee participation in profits incurred Deferred employee participation in profits Deferred credits and advance collections Deferred credits Advance collections

Thursday, September 4, 2025 OFFICIAL GAZETTE 277 Distributor Companies of investment fund shares Series R13 Financial Statements Report R13 B-1321 Statement of Financial Position (CO-BR[1]) Includes figures in national currency, foreign currency, and UDIS valued in pesos Figures in pesos Concept Amount Interest collected in advance Commissions collected in advance Advance collections of goods promised for sale or with reservation of ownership Other advance collections EQUITY Controlling interest Contributed capital Share capital Fixed minimum Variable Unpaid share capital Increase due to update of paid share capital (1) Contributions for future capital increases formalized by shareholders' meeting Increase due to update of contributions for future capital increases formalized by shareholders' meeting (1) Share premium Increase due to update of share premium (1) Financial instruments qualifying as equity Increase due to update of financial instruments qualifying as equity (1) Earned capital Capital reserves Increase due to update of capital reserves (1) Accumulated results Results from prior periods Result to apply Result from accounting changes and error corrections Increase due to update of results from prior periods (1) Net result Other comprehensive income Valuation of trading financial instruments Valuation Effect of deferred income taxes and PTU Estimate for non-recoverable deferred income taxes and PTU Increase due to update of valuation of trading financial instruments (1) Valuation of financial instruments to collect and sell Valuation Effect of deferred income taxes and PTU Estimate for non-recoverable deferred income taxes and PTU Increase due to update of valuation of financial instruments to collect and sell (1) Income and expenses related to assets held for disposal Result Effect of deferred income taxes and PTU Estimate for non-recoverable deferred income taxes and PTU Increase due to update of income and expenses related to assets held for disposal (1) Remeasurement of defined employee benefits Actuarial results in obligations Valuation

278 OFFICIAL GAZETTE Thursday, September 4, 2025 Distributor Companies of investment fund shares Series R13 Financial Statements Report R13 B-1321 Statement of Financial Position (CO-BR[1]) Includes figures in national currency, foreign currency, and UDIS valued in pesos Figures in pesos Concept Amount Effect of deferred income taxes and PTU Estimate for non-recoverable deferred income taxes and PTU Result in return of plan assets Valuation Effect of deferred income taxes and PTU Estimate for non-recoverable deferred income taxes and PTU Increase due to update of remeasurement of defined employee benefits (1) Result from holding non-monetary assets By fixed asset valuation By other non-monetary assets Increase due to update of result from holding non-monetary assets (1) Participation in OCI of other entities Valuation Effect of deferred income taxes and PTU Estimate for non-recoverable deferred income taxes and PTU Increase due to update of participation in OCI of other entities (1) Non-controlling interest Net result corresponding to non-controlling interest Other non-controlling interest Other comprehensive income corresponding to non-controlling interest MEMO ACCOUNTS Contingent assets and liabilities Assets in custody or administration Assets in custody Assets in administration Cash and cash equivalents Equity investment funds Debt instrument investment funds Limited object investment funds Other financial instruments Collateral received by the entity Government debt Bank debt Other debt securities Equity financial instruments Others Collateral received and sold by the entity Government debt Bank debt Other debt securities Equity financial instruments Others Other registration accounts

Distributor Companies of investment fund shares

Thursday, September 4, 2025 OFFICIAL GAZETTE 279 Distributor Companies of investment fund shares Series R13 Financial Statements Report R13 B-1322 Statement of Comprehensive Income (CO-BR[2]) Includes figures in national currency, foreign currency, and UDIS valued in pesos Figures in pesos Concept Amount Commissions and fees charged Promotion services Distribution services Third-party advisory services Custody and administration Other complementary services Gain on revaluation due to appreciation Increase due to update of commissions and fees charged (1) Commissions and expenses paid For services For advisory and complementary services Loss on revaluation due to depreciation Increase due to update of commissions and fees paid (1) INCOME (EXPENSES) FROM SERVICES Integral Financing Margin Interest income Interest on cash and cash equivalents Banks High-liquidity financial instruments Restricted or pledged cash and cash equivalents Interest and yields in favor from investments in financial instruments For trading financial instruments For financial instruments to collect and sell For financial instruments to collect principal and interest (bonds) Interest and yields in favor in repo operations Dividends from instruments qualifying as equity financial instruments Gain on revaluation Gain on revaluation due to appreciation Valuation of indexed instruments Valuation of UDIS items Increase due to update of interest income (1) Interest expenses Interest on bank loans and from other entities Loss on revaluation Loss on revaluation due to depreciation Valuation of indexed instruments Valuation of UDIS items Interest on lease liabilities Financial effect of provisions Increase due to update of interest expenses (1) Result from valuation of financial instruments at fair value Trading financial instruments

280 OFFICIAL GAZETTE Thursday, September 4, 2025 Distributor Companies of investment fund shares Series R13 Financial Statements Report R13 B-1322 Statement of Comprehensive Income (CO-BR[2]) Includes figures in national currency, foreign currency, and UDIS valued in pesos Figures in pesos Concept Amount Collateral sold Estimate of expected credit losses for investments in financial instruments Financial instruments to collect and sell Financial instruments to collect principal and interest (bonds) Result from foreign exchange valuation Increase due to update of result from valuation of financial instruments at fair value (1) Result from sale of financial instruments Result from sale of financial instruments Trading financial instruments Financial instruments to collect and sell Financial instruments to collect principal and interest (bonds) Result from foreign exchange sales Result from sale of received collateral Transaction costs For sale of trading financial instruments Increase due to update of result from sale (1) Result from net monetary position (financial margin) Result from monetary position from positions generating financial margin (debit balance) Result from monetary position from positions generating financial margin (credit balance) Increase due to update of result from net monetary position (financial margin) (1) Other operating income (expenses) Recoveries Taxes Other recoveries Loss in custody and administration of assets Loss from impairment or effect of reversal of impairment of other assets Income from purchase option in financial lease operations Income from participation in sale price of goods in financial lease operations Impacts on estimate of expected credit losses Losses Labor relations and job security Frauds Internal External Natural disasters and other events Customers, products and business practices Business incidents and system failures Execution, delivery and process management Other losses

Thursday, September 4, 2025 OFFICIAL GAZETTE 281 Distributor Companies of investment fund shares Series R13 Financial Statements Report R13 B-1322 Statement of Comprehensive Income (CO-BR[2]) Includes figures in national currency, foreign currency, and UDIS valued in pesos Figures in pesos Concept Amount Interest payable in financing for acquisition of assets Result on sale of properties, furniture and equipment Cancellation of other liability accounts Interest in favor from loans to officials and employees Other items of operating income (expenses) Result from monetary position originated by items not related to financial margin (1) Result from valuation of items not related to financial margin Increase due to update of other operating income (expenses) (1) Administration and promotion expenses Direct short-term benefits Employee participation in profits Employee participation in profits incurred Other direct short-term benefits Net cost of the period derived from long-term employee benefits Direct long-term benefits Deferred employee participation in profits Estimate for non-recoverable deferred PTU Post-employment benefits Pensions Seniority premium Other post-employment benefits Termination benefits Termination benefits for reasons other than restructuring Termination benefits due to restructuring Fees Rents Promotion and advertising expenses Taxes and diverse duties Non-deductible expenses Technology expenses Depreciations Of the period For assets for right of use of properties, furniture and equipment Amortizations Of the period For assets for right of use of intangible assets Loss from impairment or effect of reversal of impairment of real estate and other assets in use Other administration and promotion expenses Increase due to update of administration and promotion expenses (1)

282 OFFICIAL GAZETTE Thursday, September 4, 2025 Distributor Companies of investment fund shares Series R13 Financial Statements Report R13 B-1322 Statement of Comprehensive Income (CO-BR[2]) Includes figures in national currency, foreign currency, and UDIS valued in pesos Figures in pesos Concept Amount OPERATING RESULT Participation in net result of other entities Result of the period from unconsolidated subsidiaries, associates and joint ventures In unconsolidated subsidiaries Belonging to the financial sector Not belonging to the financial sector In associates Belonging to the financial sector Not belonging to the financial sector In joint ventures Belonging to the financial sector Not belonging to the financial sector Dividends from permanent investments Valuation of available-for-sale permanent investments Adjustments associated with other permanent investments Impairment or effect of reversal of impairment of permanent investments Increase due to update of participation in net result of other entities (1) RESULT BEFORE INCOME TAXES Income taxes Income taxes incurred Deferred income taxes Temporary differences Tax losses Tax credits Estimate for non-recoverable income taxes Temporary differences Tax losses Tax credits Increase due to update of income taxes (1) RESULT FROM CONTINUING OPERATIONS Discontinued operations Discontinued operations Increase due to update of discontinued operations (1) NET RESULT Other comprehensive income Valuation of trading financial instruments Period effect Valuation Effect of deferred income taxes and PTU Estimate for non-recoverable deferred income taxes and PTU Increase due to update of valuation of trading financial instruments (1) Valuation of financial instruments to collect and sell Period effect Valuation Effect of deferred income taxes and PTU Estimate for non-recoverable deferred income taxes and PTU

Thursday, September 4, 2025 OFFICIAL GAZETTE 283

Distributor Companies of investment fund shares Series R13 Financial Statements Report R13 B-1322 Statement of Comprehensive Income (CO-BR[2]) Includes figures in national currency, foreign currency, and indexed UDIs in pesos Figures in pesos

Concept	Amount
Increase from updating the valuation of financial instruments to collect and sell (1)	Income and expenses related to assets held for disposal

Distributor Companies of investment fund shares

(1) These concepts will be applicable under an inflationary economic environment based on what is established in Financial Information Standard B-10 "Effects of Inflation", issued by the Mexican Council of Financial Information and Sustainability Standards, A.C. (2) Determined in accordance with what is provided in Bulletin B-14 "Earnings per share", issued by the Mexican Council of Financial Information and Sustainability Standards, A.C.” ______________________________________

Resolution modifying the General Provisions applicable to investment funds and persons providing services to them

Lineage: In force